Libya’s Oil Revival: Production Hits 1.38 Million Barrels as International Giants Return for First Licensing Round in 17 Years Amid Global Trade Shift
Libya’s crude oil production has climbed to 1,388,330 barrels per day in the latest 24-hour period, marking a significant recovery for the North African nation’s energy sector. The National Oil Corporation (NOC) reported the increased output alongside 52,730 barrels of condensates and 2.57 billion cubic feet of liquefied gas production.
The surge comes as major international oil companies including bp, Shell, Eni, Chevron, and TotalEnergies have returned to Libyan operations, boosting investor confidence in the country’s energy prospects. Economic analyst Mohamed Mahfouz noted that NOC production averaged around 1.4 million barrels per day in August 2025, with the corporation targeting an ambitious 2 million barrels per day by year-end.
Libya’s light sweet crude has regained competitiveness in global markets, with Indian refiners increasing purchases to reduce dependence on Russian supplies. European Union imports from Libya surpassed $22 billion in 2024, while key terminals including Es Sider, Ras Lanuf, Marsa al-Brega, and Zuetina are operating with improved efficiency.
The government has launched its first licensing round in 17 years, offering 22 blocks under conditions that have attracted leading global firms. However, Mahfouz warned that political divisions, armed groups, and corruption issues continue to pose threats to sustained progress.
Sources: libyanexpress.com, libyaobserver.ly
