NOC Chairman Suleiman announces highest crude oil production in ten years
via Libya Herald4 min read
National Oil Corporation Chairman Masoud Suleiman announced that Libya's crude oil production has reached approximately 1.43 million barrels per day, marking the highest level in over a decade. This information was shared during a meeting with Tripoli Prime Minister Abdel Hamid Aldabaiba, where they discussed the oil sector's latest developments, including revenues, fuel supplies, and human resources. Suleiman reported that all oil revenues for February, exceeding two billion dollars, were transferred to the public treasury without deductions for the first time in years. He emphasized that sustained production levels depend on the stability of the electricity grid and the efficiency of production lines. Suleiman also confirmed the stability and availability of fuel supplies for the local market, despite global crises. Additionally, the Prime Minister was informed about the successful completion of maintenance work on the oil export pipeline at the Sharara field, carried out by national personnel, which has restored normal operations and production.
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