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Oil Firm Reports $2.2B Revenue in July 2026
In July 2026, the National Oil Corporation of Libya achieved oil revenues exceeding $2.264 billion, with production surpassing 41 million barrels of oil. The Libyan government's share of the production was approximately 36 million barrels, while the quantities available for export amounted to about 5.8 million barrels, including existing stockpiles and quantities prepared for export. Data also showed that the total gas production reached around 75 billion cubic feet, with an actual consumption of 53 billion cubic feet and 12.8 billion cubic feet of flaring gases at low pressure. The revenues collected and transferred to the sovereign account amounted to over $2.264 billion, in addition to royalties and taxes totaling more than 2.327 billion Libyan dinars. The Corporation also received an amount of 327 million dinars fully allocated for salaries.
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