Libya’s Oil and Gas Minister, Khalifa Abdulsadek, announced plans to boost national oil output to 1.6 million barrels per day in 2026 and 1.8 million by 2027. The expansion plan focuses on redeveloping mature fields, attracting foreign investment, and modernizing production infrastructure. Officials say higher output is critical to sustaining government revenues and stabilizing the economy, as hydrocarbons remain the backbone of Libya’s national budget.
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Libya Aims for 1.6 M BPD Next Year
Business
07/11/2025
Libya’s Oil and Gas Minister, Khalifa Abdulsadek, announced plans to boost national oil output to 1.6 million barrels per day in 2026 and 1.8 million by 2027. The expansion plan focuses on redeveloping mature fields, attracting foreign investment, and modernizing production infrastructure. Officials say higher output is critical to sustaining government revenues and stabilizing the economy, as hydrocarbons remain the backbone of Libya’s national budget.
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