Libya resumes oil production at Mabrouk field after 10 years

According to official government data, Libya is resuming production at the Mabrouk oil field after a halt for 10 years. It was launched at the end of last week, OilPrice.com reported.

Initially, the field will produce about 5,000 barrels of oil per day (bpd). However, by mid-2025, this amount should rise up to 25,000 bpd, planned by the authorities of the North African country.

Libya's current oil production is 1.4 million bpd. Masoud Sulaiman, Chairman of the National Oil Corporation, states that the output will hit 2 million bpd by 2028. However, this ambitious goal would require significant capital expenditures, OilPrice.com experts emphasized.

In order to raise Libya's oil production up to 1.6 million bpd, it would require about $3–4 billion to invest in the sector.

Libya's economy heavily relies on oil output, which makes up 95% of the country's GDP, according to OilPrice.com.