Libyan oil revenues rise as output hits 10-year high

Libya’s production of crude hit a 10-year high in 2025 at 1.4 million barrels per day, the National Oil Corporation (NOC) said.

Oil revenues in 2025 jumped more than 18 percent to nearly $22 billion, the state-run energy company said in a statement.

The provisional authorities in conflict-torn Libya are seeking to rehabilitate its hydrocarbon industry and increase crude output capacity to 1.6 million bpd. In February the country is due to open its first oil exploration bids in over 17 years.

Production last year at the Sarir field in southeastern Libya reached 59,000 barrels of oil and 59 million cubic feet of gas per day, while the Mabrouk field, located in the oil-rich Sirte basin, produced 24,000 barrels of oil and 55.4 million cubic feet of gas per day.

Nafusah Oil Operations, a joint venture, achieved peak daily production of 12,000 barrels of oil and 12.5 million cubic feet of gas.

NOC said it saved around 100 million cubic feet of gas, adding it is working towards achieving zero gas flaring.

Further reading:

• Oil and fiscal restraint drive Libyan budget surplus
• The cautious return of oil internationals to Libya
• Oil exports form 98% of Libya’s economy

In October, Zallaf, an exploration and production subsidiary of NOC, said it was building a refinery with capacity of 30,000 bpd in the desert oasis town of Ubari.

Libya, which is a member of Opec but excluded from quotas, has five main oil refineries, the largest of which is Ras Lanuf on the northern Mediterranean coast, with capacity of 220,000 bpd.

NOC has an output target of 2-3 million bpd, according to its website.