Libya’s oil output hits highest level in over a decadeLibya boosted oil production to a decade-high 1.43 million barrels daily, with strong revenues. Authorities tightened control over oil deals to protect national interests, while stability in output remains tied to infrastructure reliability and ongoing political conditionsBy IANS Published Date - 6 April 2026, 11:35 AMTripoli: Libya’s oil production has risen to about 1.43 million barrels per day, the highest level recorded in over a decade, Chairman of Libya’s National Oil Corporation Masoud Suleiman announced. Oil and gas exports are Libya’s main revenue source but have been repeatedly disrupted by conflict and political instability. The move is intended to strengthen protection of Libya’s national economy and secure optimal returns from its strategic oil resources, said reports. Oil and gas exports are Libya’s main source of revenue, but production has been repeatedly disrupted in recent years due to conflict or political instability.

Source: Libya Today April 06, 2026 06:15 UTC