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Libya Posts $3.4B in Oil Revenue in May
The National Oil Corporation of Libya announced that the country's oil production in May 2026 reached 43 million barrels. Of this, approximately 28.3 million barrels were exported, while 3.3 million barrels were used for refining, and 373,000 barrels for electricity generation. Oil revenues received and transferred to the sovereign account exceeded $3.4 billion, with the sector continuing to play a key role in funding the national budget despite operational challenges.
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