The Libyan National Oil Corporation (NOC) announced on Tuesday that total production rates for crude oil, condensates, and natural gas reached 1,339,799 barrels over the past 24 hours.
According to a statement from the NOC, reported by the Libyan News Agency (WAL), this figure includes 1,133,133 barrels of crude oil and condensates, along with 206,666 barrels of oil equivalent from gas. This announcement comes shortly after lifting the “force majeure,” a legal status invoked to protect the NOC from liability in case of disruptions due to extraordinary events, at key oil fields and export terminals.
Libya’s oil industry has faced persistent disruptions due to political instability and conflict. Recently, the country has seen oil production fluctuate significantly, largely impacted by blockades and political disputes, such as a crisis over the central bank’s leadership. In August 2024, a standoff led to a major production halt, but this was resolved in early October, allowing key oil fields like Sharara and El-Feel to resume operations.
Despite these efforts, long-term challenges remain, including maintenance issues, corruption, and disputes over oil revenue distribution. Additionally, Libya’s oil infrastructure often requires repairs due to neglect and conflict-related damages, complicating the goal to sustain high output levels and achieve production targets
