Libya’s oil production has climbed to its highest level since 2013, with crude and condensate output reaching 1.49 million barrels per day, strengthening the country’s position among Africa’s top producers as foreign firms return to a sector built on the continent’s largest proven oil reserves.
The National Oil Corporation said crude oil and condensate output rose to 1,487,723 barrels per day, putting Libya close to its target of 1.5 million barrels per day.
The new level places Libya among Africa’s biggest oil producers, alongside Nigeria, Algeria and Angola, and strengthens the recovery of a sector that remains central to the country’s economy.
Libya also holds Africa’s largest proven crude reserves, estimated at about 48 billion barrels, or roughly 41% of the continent’s total, according to the U.S. Energy Information Administration.
Much of its recoverable oil lies in the Sirte and Murzuq basins, making Libya’s production recovery important for domestic revenue, regional supply and global crude markets.
