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Libya reaches highest oil production in twelve years—PM
(MENAFN) Libya’s oil output reached its highest level in 12 years in 2025, climbing to 1.37 million barrels per day, the country’s Prime Minister Abdulhamid Dbeibah announced on Saturday.
Speaking at the opening of the Libya Energy and Economy Summit (LEES) 2026 in Tripoli, Dbeibah noted that production last year began at several oil fields, including Iravn, Mutahandush, al-Khayr, Hamada 47, and Sinawan.
He highlighted that Libya also launched its first oil and natural gas exploration licensing round in 17 years in 2025, which attracted significant interest from international energy companies. Results from the tender are expected in the second week of February.
Dbeibah said new agreements would be signed at the summit to develop two offshore natural gas fields, with deals involving Libya’s National Oil Corporation (NOC), France’s TotalEnergies, and US-based ConocoPhillips. The agreements are set to run for 25 years with investments exceeding $20 billion.
Additionally, the summit will include the signing of a memorandum of understanding with US energy company Chevron for exploration, field development, and production opportunities, as well as a cooperation agreement with Egypt covering exploration, production, and related logistics services.
Speaking at the opening of the Libya Energy and Economy Summit (LEES) 2026 in Tripoli, Dbeibah noted that production last year began at several oil fields, including Iravn, Mutahandush, al-Khayr, Hamada 47, and Sinawan.
He highlighted that Libya also launched its first oil and natural gas exploration licensing round in 17 years in 2025, which attracted significant interest from international energy companies. Results from the tender are expected in the second week of February.
Dbeibah said new agreements would be signed at the summit to develop two offshore natural gas fields, with deals involving Libya’s National Oil Corporation (NOC), France’s TotalEnergies, and US-based ConocoPhillips. The agreements are set to run for 25 years with investments exceeding $20 billion.
Additionally, the summit will include the signing of a memorandum of understanding with US energy company Chevron for exploration, field development, and production opportunities, as well as a cooperation agreement with Egypt covering exploration, production, and related logistics services.
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