Libya’s oil production has reached an average of 1.375 million barrels per day (bpd) in 2025, the highest in years, as the government has rolled out an investment road map that aims to reach 2 million bpd by 2030 through a $20 billion investment program. This disclosure was made by the country’s Minister of Oil and Gas, Dr. Khalifa Abdulsadek, at the just-concluded Libya Energy & Economic Summit (LEES) 2026 in Tripoli.
“We witnessed the highest production rate in years, averaging 1.375 million bpd, which is a strong testimony to our recovery and stability,” said Minister of Oil and Gas Dr. Khalifa Abdulsadek. “We have launched a program with 15 companies, and we expect production to rise over the next five years with a $20 billion investment.”
According to the minister, the contract terms have been extended to 25 years, offering predictable, long-term investment conditions and aligning with global practices that support multi-decade upstream development.
The country is also making massive investments in gas development to meet domestic gas-power economy and support exports to Europe via the Greenstream pipeline. Libya’s gas production is expected to reach 700–750 million standard cubic feet per day in 2026.
