Libya's oil production output has risen to levels not seen in 12 years, as the country's overall energy sector recovers, its officials said during a key summit in Tripoli last week.
- •Libya’s oil production reached an average of 1.375 million barrels per day (bpd) in 2025 and the government aims to reach 2 million bpd by 2030, backed by a $20 billion investment program.
- •Gas production is expected to reach 700–750 million standard cubic feet per day in 2026, allowing the North African country to support domestic power, industry and export through the Greenstream pipeline to Europe.
- •The energy sector has recovered due to a mix of political stability, strategic partnerships and increased investments.
“We witnessed the highest production rate in years, averaging 1.375 million bpd, which is a strong testimony to our recovery and stability,” said Minister of Oil and Gas Dr. Khalifa Abdulsadek at the Libya Energy & Economic Summit (LEES) 2026 in Tripoli. “We have launched a program with 15 companies, and we expect production to rise over the next five years with a $20 billion investment.”
Libya signed a 25-year oil development deal with France's TotalEnergies and U.S.-based ConocoPhillips, a memorandum of understanding with U.S. oil company Chevron, and a cooperation agreement with Egypt's oil ministry.
Libya is also drawing lessons from regional peers such as Namibia, which has built investor confidence through transparent fiscal policies, predictable royalties and strong local content programs, and from Turkey, which is partnering with Libya to expand upstream production.
