The National Oil Corporation (NOC) revealed the latest production rates for crude oil, gas, and condensates over the past 24 hours, indicating a slight decline in output.
According to data published by the corporation on its Facebook page, crude oil production decreased by approximately 7,000 barrels, reaching 1.372 million barrels, compared to 1.379 million barrels recorded the previous day. In contrast, natural gas production registered levels of 2.528 billion cubic feet, while condensate production rates hit 51.599 thousand barrels.
The National Oil Corporation aims to boost production to 2 million barrels by the end of 2027, a move intended to support the Libyan economy. To achieve this ambitious target, the corporation had requested $17 billion last year to fund essential development and infrastructure improvement operations.