Libya’s oil production has climbed to approximately 1.43 million barrels per day—the highest level in more than a decade—according to National Oil Corporation Chairman Masoud Suleiman on Sunday, April 5, 2026.
He disclosed that oil revenues for February surpassed $2 billion and were fully transferred to the State treasury without deductions, marking a rare development in recent years.
Suleiman further indicated that domestic fuel supplies remain stable despite global pressures, while maintenance on the Al-Sharara oilfield export pipeline has been completed, restoring normal production. He emphasised that sustaining and increasing output will depend on a stable power grid and enhanced operational efficiency.
Oil and gas exports continue to serve as Libya’s primary revenue stream, though historically affected by conflict and political instability. The Al-Sharara oilfield—located about 900 kilometres south of Tripoli—remains the country’s largest, with a production capacity exceeding 300,000 barrels per day.
