Libya: Oil Production to Exceed 1.38 Million Barrels Per Day in April 2025

In April 2025, the National Oil Corporation (NOC) announced the launch of 22 investment blocks in a new bidding round, including 11 onshore and 11 offshore blocks. According to the corporation, the new bidding round will be conducted under new and attractive terms for investors and will include blocks in the Sirte, Murzuq, and Ghadames basins, in addition to blocks in the Mediterranean.
A few days ago, the NOC announced that oil production rates reached 1.386 million barrels per day, while condensate production reached approximately 52,600 barrels per day.
It is worth noting that the oil and gas sector in Libya is facing some difficulties, financial constraints, and political instability, which are negatively impacting the results of ambitious plans to increase production.
Despite these conditions, Libyan crude oil production saw some increase in 2024, reaching approximately 1.3 million barrels per day, its highest level since 2013. This was due to the resumption of exploratory drilling activities and operations by major foreign companies operating in Libya (Eni, BP, and OMV), which had been halted for years.
This improvement in production has revived hopes of increasing Libya’s crude oil production to 2 million barrels per day, although this appears difficult to achieve given the ongoing instability in this vital sector, and because simply increasing production to 1.6 million barrels per day would require between three and four billion dollars.