Learn about the size of the production capacity of oil refineries in Libya

Oil is one of Libya’s most important resources, as the Libyan economy is based on 95% oil revenues, and during the first quarter of 2024, the country achieved oil revenues worth $6 billion.

According to data from the Libyan National Oil Corporation, the Ras Lanuf refinery comes first in terms of production, with a production capacity of 220 thousand barrels per day.

In second place comes the Al-Zawiya Refinery with a production capacity of 120,000 barrels per day, followed by the Tobruk Refinery with a production of 20,000 barrels per day, and then the Sarir Refinery with a production of 10,000 barrels per day.

In last place comes the Buraiqa refinery, with a production capacity of 9,000 barrels per day.

It is noteworthy that Libya currently produces about 1.2 million barrels of oil per day, which reflects stability compared to periods that witnessed a decline in production due to political and security unrest.

The Libyan Minister of Oil and Gas, Khalifa Abdel-Sadiq, announced plans to increase production to 2.1 million barrels per day in the next five years.

Libya reached an advanced rank in terms of oil production among African countries last March, surpassing Nigeria to become the first African country in this field.

Libya’s revenues reach more than 31 billion dinars in the first quarter of 2024