Ahmad 
Libya reached an advanced position in terms of oil production among African countries last March, overtaking Nigeria to become the first African country in this field.
A report published by the French magazine “Jeune Afrique” indicated that Libya recorded daily production of 1.24 million barrels in March, making it the first place on the continent.
This figure is close to Libya’s January 2011 production rate, which was 1.6 million barrels per day.
The report pointed out that Libya’s revenues from oil trade since the beginning of this year amounted to about 31 billion Libyan dinars, equivalent to more than six billion dollars, according to data from the Central Bank of Libya.
It is the repeated closures of oil sites due to social protests that have recently affected the Sharara field, and the country was able to resume production after a week of negotiations.
On the other hand, Nigeria saw a decline in its production from 1.32 million barrels per day in February to 1.23 million barrels in March, reflecting the economic and internal difficulties it faces.
The overall rise in oil production coincides with refining challenges, as significant efforts are required to rehabilitate refineries to meet growing needs.
Political Disputes Deepen Stalemate in Libya with Election of New Council of State President