Argus Agency reported today, Friday, that Libya’s crude oil exports decreased by only 2% last year, despite several months of politically driven blockades at ports and oil fields.
According to Argus tracking data, the country exported 973,000 barrels per day across 12 crude grades in 2024, slightly less than in 2023, when 989,000 barrels per day were loaded, marking the second-highest export year since the civil war in 2011.
The agency added that average exports exceeded one million barrels per day in six out of the 12 months of last year, reaching 1.15 million barrels per day in December, the highest monthly average since February 2021. The heightened activity throughout the year allowed Libya to boost its oil production to 1.4 million barrels per day in recent months, the highest level in over a decade. This increase helped offset the impact of earlier disruptions in loading operations in 2024, according to the agency.
