In Libya, the National Oil Corporation announced that its crude oil production had reached 1,438,560 barrels per day on Sunday morning, while condensate production stood at 49,163 barrels per day. The total output thus reached 1,487,723 barrels per day, the highest level recorded since 2013.
With this volume, the company is moving closer to the objective outlined in its previously announced strategy, which aims to lift production to 1.5 million barrels of crude oil per day.
As a reminder, Libyan oil production has faced for years a number of structural and conjunctural constraints. Political instability, institutional fragmentation, and tensions between rival authorities continue to undermine the energy sector, which remains one of the main pillars of the Libyan economy.
Recurring blockages of oil fields and export terminals, often linked to social, political, or regional demands, regularly disrupt activity. In addition, security concerns persist in certain production areas, as does aging infrastructure that requires substantial investment to maintain and increase production capacity.
