Ahmad 
An analysis of recent Central Bank data revealed that Libya’s crude oil production rose by 12% during the year 2023 to reach 433.5 million barrels, compared to 386.5 million barrels in the previous year.
Regarding the distribution of Libya’s crude oil production among national companies operating in the country, the economic bulletin showed that “Al-Waha” Oil Company led the rest of the companies with a production of 102.2 million barrels during the past year, an increase of 9% and 8.5 million barrels over what it recorded in the year 2022.
The Arabian Gulf Oil Company “AGOCO” came in second place. The company produced 101.8 million barrels during the year 2023, after a slight decline of one million barrels, down from 102.8 million barrels recorded in the previous year.
Then it was followed by “Akacus” Oil Operations Company in third place, whose production increased during the year by about 11 million barrels, reaching 88.9 million barrels, and in fourth place was “Mellita” Oil and Gas Company “BV” Libya branch, with a production of 63.9 million barrels.
During the same year, the “Sirte” Company for Oil and Gas Production and Manufacturing produced about 30.3 million barrels, an increase of approximately 8 million barrels, or 26% from what it recorded in the year 2022 (21.8 million barrels), followed by the “Harouge” Oil Operations Company, which produced 15.1 million barrels. An increase of 8.6% and approximately 1.2 million barrels.
As for “Al-Sarir” Oil Operations Company (PV), Libya branch, it ranked seventh among operating companies, producing 14.5 million barrels, a slight increase of 500,000 barrels, followed by “Zeitina” Oil Company, in eighth place, producing about 9.3 million barrels, an increase of 12% over Produced during 2022.
Then in ninth place was “Mabrouk” Oil Operations Company, whose production decreased during the same period to 6.3 million barrels, a slight percentage of 6%, compared to 6.7 million barrels, and finally “Zallaf” Libya Oil and Gas Company, which produced 1.1 million barrels.
Libya records the largest monthly increase in oil production in Africa