Oil is one of Libya’s most important resources, as the Libyan economy is based on 95% oil revenues, and during the first quarter of 2024, the country achieved oil revenues worth $6 billion.

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According to data from the Libyan National Oil Corporation, the Ras Lanuf refinery comes first in terms of production, with a production capacity of 220 thousand barrels per day.

In second place comes the Al-Zawiya Refinery with a production capacity of 120,000 barrels per day, followed by the Tobruk Refinery with a production of 20,000 barrels per day, and then the Sarir Refinery with a production of 10,000 barrels per day.

In last place comes the Buraiqa refinery, with a production capacity of 9,000 barrels per day.

It is noteworthy that Libya currently produces about 1.2 million barrels of oil per day, which reflects stability compared to periods that witnessed a decline in production due to political and security unrest.
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The struggle over the position of Libyan Oil Minister constitutes a new episode in the series of divisions affecting the country with the largest crude oil reserves in Africa, which has been going on for about 13 years.

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Although the Minister of Oil and Gas in Libya, Mohamed Aoun, announced his return to work about a week ago, the reality indicates that the crisis of division will continue as Khalifa Abdel-Sadiq continues his work within the ministry’s office as a minister-designate, according to what the “Specialized Energy Platform” reported.

The details of the crisis go back to Tuesday, March 26 (2024), when the Administrative Control Authority issued a decision to suspend Libyan Oil Minister Mohamed Aoun from work, due to what it described as “committing legal violations that harmed the public interest of the state.

Hours after the decision to suspend Aoun, who denied committing any violations, the outgoing Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, decided to assign the Deputy Minister of Oil and a member of the Board of Directors of the National Oil Corporation, Khalifa Abdul Sadiq, to ​​run the Ministry of Oil.
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The National Oil Corporation of Libya reported in a statement yesterday, Saturday, that the country’s production of crude oil reached 1,257,729 barrels per day.

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The Corporation also announced recording a daily production of condensate amounting to 49,890 barrels, and of natural gas equivalent to 220,620 barrels.

In a related development, the corporation indicated that the North Hamada oil field, which is managed by the Nafusa Oil Operations Company, witnessed the start of operation of a new 250-kilometre pipeline.

The field’s production is expected to reach eight thousand barrels per day before the middle of this month.
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