Skip to content
Subscriber Only

Here’s the Latest on the Resurgence of Libya’s Oil Industry

  • OPEC nation is now producing more than 700,000 barrels daily
  • All major oil ports and fields have restarted after ceasefire
Updated on

Libya’s energy industry reached a milestone over the past week with the reopening of the last of its oil fields and ports following a truce in a years-long civil war.

The OPEC nation’s daily crude output has surged from less than 100,000 barrels in early September to above 700,000 as of Tuesday, according to a person familiar with the matter. The state energy firm National Oil Corp. expects the country to be pumping more than 1 million barrels a day by mid- to late-November.