The National Oil Corporation (NOC) has pushed back against OPEC’s recently published oil production data for 2024, calling the figures outdated and inaccurate.
In a statement, the NOC reaffirmed its role as the sole entity responsible for monitoring and reporting Libya’s oil output, insisting that no other party has the authority to dispute its data.
The corporation highlighted that daily production figures do not always align with monthly or annual averages. It cited that Libya’s average annual production in 2023 was 1.189 million barrels per day (bpd), while in 2024, it dropped to 1.138 million bpd due to force majeure events. However, December 2024 alone saw an average output of 1.3 million bpd, illustrating fluctuations in production levels.
The NOC also detailed the allocation of crude, stating that 170,000–180,000 bpd is directed to domestic refineries, while 15,000–20,000 bpd is used by the Ubari power plant. The remaining production—excluding volumes reserved for foreign partners—is exported.
