The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, held an expanded meeting with the Chairman of the National Oil Corporation, Masoud Suleiman, to review developments in the oil sector and its strategic performance.
During the meeting, a significant financial step was announced: for the first time in years, full revenues from oil sales for February were transferred to the state treasury, exceeding $2 billion with no deductions.
The meeting also reviewed the notable surge in production rates, which reached approximately 1.43 million barrels per day; the highest level recorded in more than a decade. It was emphasized that maintaining this momentum depends on the stability of the national electricity grid.
The NOC chairman reassured the government regarding fuel supply to the local market, confirming its availability in sufficient quantities and stable supply despite global challenges. He also highlighted the successful maintenance of the export pipeline from the Sharara field in the Marhan area and the resumption of normal operations.
On institutional development and international cooperation, the meeting addressed Libya’s participation in major global energy forums such as EGYPES and CERAWeek, which resulted in understandings with foreign partners to boost investment.
The meeting concluded with Dbeibah’s decision to launch a mechanism for employing graduates in oil-related specializations based on sector needs, praising national competencies managing this vital sector and ensuring economic stability under current conditions.