Libya recorded record oil revenues of $21.9 billion in 2025, up 15% compared to the previous year. This performance is explained by an average production of 1.374 million barrels per day, the highest in ten years, for a total of 501 million barrels produced. Production ContextThe National Oil Corporation (NOC) confirmed these high production levels thanks to relatively stable operations at key sites such as the Sirte Basin. The NOC now aims for 1.6 million barrels per day by the end of 2026, with investments of $3 billion to $4 billion. This dynamism, despite 90% of budget revenues being dependent on oil, underscores a security challenge and the under-exploitation of gas (Africa’s fifth-largest reserves).

Source: Libya Today January 05, 2026 20:06 UTC