The British website EurasiaBusiness reported on Saturday that Libya remains in a state of alert despite the return of major global oil companies and the significant recovery in oil production.
According to the site, by mid-2025, Libya’s crude oil production reached approximately 1.23 million barrels per day — its highest level in over a decade — driven by the resumption of operations in previously dormant fields.
The return of foreign companies, the report says, aims to further increase production, with a target of reaching 2 million barrels per day in the coming years.
However, the site notes that the oil sector’s recovery is unfolding amid ongoing political uncertainty and security challenges. Libya remains deeply divided between two rival governments and armed factions, posing threats to oil infrastructure and exports. For instance, in August 2024, an armed confrontation caused Libya to lose over half of its oil output and halted exports at several ports. Sporadic unrest and tensions around Tripoli and other regions continue to endanger operations.
The article highlights that the National Oil Corporation (NOC) is struggling to protect its facilities and maintain production. Oil revenues remain crucial for Libya’s economy, and the anticipated growth in GDP in 2025 is largely tied to oil recovery. However, ongoing instability means the sector remains vulnerable to disruptions.
In conclusion, while Libya’s oil sector is witnessing a technical revival and the return of international partners, persistent political divisions, security threats, and regional instability keep the country on edge — posing risks to the sustainable growth of production and exports.
