Libya’s National Oil Corporation (NOC) has reassured domestic and international partners that all operations across its oil fields and ports continue to function normally with no disruptions to production, despite recent security incidents in Tripoli that raised concerns among energy analysts.
In an official statement released Saturday, the NOC reported crude oil production of 1,376,415 barrels, condensate production of 40,914 barrels, and natural gas production of 2.560 billion cubic feet over the past 24 hours. The corporation praised its workforce of engineers, technicians, and administrative staff for maintaining supply continuity and preserving international confidence in Libya’s energy sector.
The statement comes at a critical time as Libya faces economic challenges, with Central Bank data revealing a significant trade deficit. Through April, oil revenues and royalties amounted to $7.346 billion, while foreign exchange expenditures reached $11.871 billion, resulting in a deficit of approximately $4.525 billion that has remained unchanged since March.
Source: libyanexpress.com
