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African News Herald > Blog > Africa > Libya Aims to Boost Refining Capacity to 400,000 Barrels Per Day (BPD) – Africa.com
Africa

Libya Aims to Boost Refining Capacity to 400,000 Barrels Per Day (BPD) – Africa.com

ANH Team
Last updated: January 21, 2025 7:26 pm
ANH Team
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Libya Plans to Increase Refining Capacity to Enhance Energy Security

Libya’s Minister of Oil and Gas, Dr. Khalifa Abdulsadek, recently revealed the country’s ambitious plans to boost its refining capacity from 300,000 to 400,000 barrels per day (bpd). This strategic move is part of Libya’s long-term vision to strengthen energy security and sustainability in the region.

During the Libya Energy & Economic Summit (LEES) 2025, Minister Abdulsadek discussed the nation’s energy strategy and priorities in a session titled “Libya’s Path to Energy Resilience – Strategic Priorities for a Sustainable Oil & Gas Future.” The session, moderated by Aydin Calik from Argus Media, shed light on Libya’s efforts to ensure a stable and self-sufficient oil and gas industry.

Minister Abdulsadek highlighted the importance of producing petroleum products to meet the country’s growing energy demands as it aims to reach a production level of two million barrels per day. He emphasized the role of local refineries like Marsa al Brega and Ras Lanuf in achieving complete self-sufficiency in refined products.

Aside from refining, the Minister outlined Libya’s strategy for natural gas production and exports, emphasizing the need to balance domestic consumption with export opportunities. He noted the significance of the Greenstream pipeline to Italy and the country’s gas export strategy to cater to the increasing demand for power generation in Europe.

With abundant untapped gas resources, Libya is committed to reducing flaring and implementing a gas utilization project that could utilize 120 million cubic feet of gas per day. The Minister emphasized the goal of achieving zero flaring by 2030 and highlighted the current focus on pipeline gas over LNG production.

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Addressing the challenge of financing, Minister Abdulsadek acknowledged the need for investment to access cutting-edge technology and services for energy projects. Despite political challenges, the government is dedicated to securing funds for energy initiatives and collaborating with the Ministry of Finance and the Central Bank to allocate budgets for essential projects in Libya.

This latest development underscores Libya’s commitment to enhancing its energy sector and ensuring a sustainable future for the country’s oil and gas industry. With a clear focus on increasing refining capacity, optimizing natural gas production, and securing financing for key projects, Libya is poised to strengthen its position as a significant player in the global energy market.

Distributed by APO Group on behalf of Energy Capital & Power.

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