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Libya’s Oil Production Hits Highest Level Since 2013, Nearing 1.5 Million Barrels Per Day Target

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Libya’s National Oil Corporation (NOC) announced that the country’s total oil production has reached 1,487,723 barrels per day, marking the highest production level recorded since 2013.

According to the NOC, crude oil production reached 1,438,560 barrels per day, while condensate production stood at 49,163 barrels per day.

The announcement was made during a meeting at the NOC headquarters in Tripoli, where Chairman Masoud Suleiman praised the efforts of Libya’s oil companies and their employees for achieving this milestone despite ongoing challenges.

The NOC said the new production level brings Libya closer to its strategic goal of reaching 1.5 million barrels of crude oil per day, with plans to achieve this target before the end of 2026.

The corporation emphasized that increasing production will help strengthen the Libyan economy and support future development plans.

National Development Authority Signs Contract for Sirte Fuel Depot Project as Part of Strategic Energy Plans

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The Director General of the National Development Authority, Dr. Mahmoud Al-Farjani, has signed the contract for the implementation of the Sirte Fuel Depot Project, one of Libya’s major strategic infrastructure projects.

The project is part of a wider package of strategic initiatives announced last week by Field Marshal Khalifa Abu al-Qasim Haftar, Commander-in-Chief of the Libyan National Army, aimed at strengthening energy security, developing infrastructure, and addressing service challenges across the country.

Signed in the presence of Libyan Minister of Industry Mohammed Al-Saidi, the project is considered one of the largest fuel sector developments in Libya. It aims to establish a modern fuel storage depot to increase national storage capacity and secure a strategic fuel reserve, providing a long-term solution to fuel supply challenges in central and southern regions.

The project is expected to reduce fuel shortages, ease pressure on fuel stations, and support transportation, commercial activity, and essential services.

The Sirte Fuel Depot will include modern storage facilities for gasoline and diesel, along with an integrated system for fuel receiving, storage, pumping, and distribution in line with international technical standards. The storage facilities are scheduled to be completed within 12 months, while the full project is expected to be completed within 14 months.

The National Development Authority stated that the project reflects its strategy of implementing major projects with a direct impact on citizens’ lives, improving energy security, strengthening infrastructure efficiency, and enhancing Sirte’s role as a key logistics hub serving different regions of Libya.

National Development Agency Signs Contract with Turkey’s DEHA TECH for Sirte Fuel Depot Project

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The National Development Agency (NDA) has signed a contract with Turkish company DEHA TECH for the implementation of the Sirte Fuel Depot Project, marking one of Libya’s major strategic energy infrastructure initiatives.

The contract was signed by NDA Director Mahmoud Al-Farjani, in the presence of the Eastern Region Government’s Minister of Industry, Mohammed Al-Saidi. The project is part of a wider package of strategic developments aimed at improving energy security, upgrading infrastructure, and addressing service challenges across Libya.

The Sirte Fuel Depot project is designed to provide a long-term solution to fuel supply challenges in central and southern regions by establishing a modern storage facility that will increase fuel capacity and create a strategic reserve.

According to the NDA, the project will help reduce fuel shortages and long queues at fuel stations while supporting transportation, commercial activity, and essential services.

The project includes the construction of advanced storage facilities for gasoline and diesel, along with an integrated system for fuel receiving, storage, pumping, and distribution, built according to international technical standards. The gasoline and diesel storage facilities are expected to be completed within 12 months, while the full project is scheduled for completion within 14 months.

The NDA stated that the project reflects its strategy of implementing major developments with a direct impact on citizens’ lives, strengthening Libya’s energy security, improving infrastructure efficiency, and positioning Sirte as a key logistics hub serving different regions of the country.