Libya’s oil production soared to 1.4 million barrels per day (bpd) in November 2024, its highest level since 2013.
This milestone underscores Libya’s growing contribution to the Organization of the Petroleum Exporting Countries’ (OPEC) overall output growth.
For the second consecutive month, Libya has been a key driver behind OPEC’s production increase. OPEC’s total crude oil output surpassed 27 million bpd in November, reflecting a 120,000 bpd rise compared to October, with Libya responsible for the bulk of the growth.
The country’s production surged by approximately 110,000 bpd, primarily due to the resumption of operations at the Sharara oil field in October 2024.
This development highlights Libya’s efforts to revitalize its oil sector, boosting its role within the global energy market.
