Libya’s oil sector supported economic recovery in 2025, helped by stable production and higher revenues despite lower global prices. Output averaged about 1.3 million barrels per day, lifting oil and gas income by more than 30% year on year. Official data showed oil revenues account for over 80% of total public income. Disputes continued between the National Oil Corporation and the central bank over revenue transfers, spending priorities, and budget management.
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Libya Oil Revenues Rise in 2025
Business
03/01/2026
Libya’s oil sector supported economic recovery in 2025, helped by stable production and higher revenues despite lower global prices. Output averaged about 1.3 million barrels per day, lifting oil and gas income by more than 30% year on year. Official data showed oil revenues account for over 80% of total public income. Disputes continued between the National Oil Corporation and the central bank over revenue transfers, spending priorities, and budget management.
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