Oil firm releases July production and revenue data
The Libyan Oil Agency focused on providing details of production and revenues for July 2026, including an explanation of oil and natural gas production volumes, refining and export quantities, and the funds collected. The total oil production reached 41,713,559 barrels, with the state's share of production amounting to 36,008,615 barrels. During the month, 32,347,940 barrels were exported. Data also showed that the average Brent crude oil price in June 2026 was $85.46 per barrel. The total natural gas production reached 75,310.9 billion cubic feet, with an actual consumption of 53,120.2 billion cubic feet. The agency confirmed that the revenues transferred to the sovereign account amounted to $2.26 billion, in addition to the collection of 2.33 billion Libyan dinars from taxes and royalties. These efforts are part of transparency initiatives and aim to support the revenues of the oil sector, which is the main source of income in Libya.
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