Libya’s oil sector recovery has been enabled by an improved security environment, but risks being derailed by payment concerns. Oil service providers are continuing to struggle with overdue fees and lack of clarity about payment timelines.
Libya’s crude and condensate output averaged 1.374mn b/d for 2025, the highest annual figure in 15 years (see chart 1 & MEES, 2 January), with IOCs reporting record volumes amid improved stability (MEES, 27 February). The country hopes to produce 2mn b/d by 2030, an ambitious target after nearly two decades of instability, that would lift output above pre-revolution levels. (CONTINUED – 1436 WORDS)
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