Energy exports rise 45 percent

The value of energy sector exports increased by 45% until the end of July 2026, despite the energy trade deficit rising by 29% to reach 8,271 million dinars, with imports covering only 18% of exports. Domestic production of oil and gas decreased by 6%, while electricity generated from renewable sources increased by 61%. During this period, the demand for primary energy amounted to 5.8 million tons of oil equivalent, a 3% increase, with a 6% rise in demand for petroleum products. Nevertheless, the energy independence ratio declined to 34%, and domestic production of oil and gas also decreased. The hydrocarbon sector faced challenges due to fluctuating oil prices and geopolitical repercussions.

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