Libya’s crude output hit 1.38mn b/d for 1Q 2025 according to MEES estimates, the highest quarterly figure since early 2013. These decade-highs follow ongoing development drilling and infrastructure upgrades as the country aims to boost output to 1.6mn b/d by end-2025 and 2-3mn b/d by the end of the decade (MEES, 31 January).
And while final 2024 figures show a slight slump from 2023’s 13-year high of 1.18mn b/d (see chart) to 1.12mn b/d (MEES, 3 January), following several politically-motivated shut-ins (MEES, 4 October 2024), output has since rebounded with further gains from new additions and drilling campaigns, which had been on hold since the country’s early-2011 revolution (MEES, 1 November). (CONTINUED - 723 WORDS)
