Libya's oil output over 1.4M barrels
The activities of the «NOVA 2026» Conference and Exhibition for exploring and developing the oil, gas, and digital transformation sectors have been launched in Benghazi, under the auspices of the National Oil Corporation. The corporation's chairman, Engineer Masoud Sulaiman, pointed out that Libya possesses the largest proven oil reserves in Africa, and that oil production has reached over one million four hundred thousand barrels per day, the highest level since 2013. This improvement is attributed to efforts to rehabilitate fields and complete projects. He emphasized the importance of the conference in strengthening cooperation with international companies, exchanging expertise to continue developing the sector, and reducing gas flaring, with a focus on sustainable development and achieving short, medium, and long-term goals for oil and gas.
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