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بوابة الوسط
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بوابة الوسط

2026-07-02T12:49:27.000Z

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Oil Institution reports 7.36% of 2026 allocations

Oil Institution reports 7.36% of 2026 allocations

The National Oil Corporation of Libya announced that the total amount spent from the 2026 allocations reached 1 billion Dinars, approximately 157 million USD, representing 7.36% of the total budget of 13.6 billion Dinars. The funds were mainly used to settle debts and obligations of subsidiary companies, including the repayment of ownership of the Ras Lanuf refinery, payment of obligations to Honeywell, and other companies. As of now, no operational budget for last year has been mobilized.

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