Libyan crude exports fall to 19-month low amid infrastructure strain

Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months, energy portal Attaqa reported on June 8. 

Maritime shipments decreased by 133,000 barrels per day (bpd) to average 1.07mn bpd, down from 1.2mn bpd in April. The figure marks the lowest export volume since October 2024.

The contraction reflects ongoing infrastructure vulnerabilities and the sector's limited capacity to absorb unexpected operational shocks. In March 2026, a pipeline fire at the crucial Sharara oil field disrupted flows for three days, forcing the state-run National Oil Corporation (NOC) to temporarily implement a phased output reduction. Producing over 300,000 bpd, El Sharara accounts for nearly a third of Libya’s total output and feeds the 120,000 bpd Zawiya refinery.

Despite the transport squeeze, underlying wellhead production remained robust, averaging 1.31mn bpd in April following successful oilfield maintenance. The steady extraction allowed Libya to capitalise on high global crude prices driven by geopolitical tensions near the Strait of Hormuz. Consequently, total oil revenues rose to $3.406bn in May, up from $2.827bn the previous month, balancing the financial impact of the maritime export dip.

Libya is currently executing a capacity expansion strategy supported by billions of dollars in foreign investment, targeting near-term crude production of 1.6mn bpd by the end of 2026 and a long-term goal of 2mn barrels per day by 2030.