23 Hrs
Source:
عين ليبيا
Oil Revenues Exceed Targets in First Half
The Ministry of Economy and Trade of the Government of National Unity announced a significant improvement in export indicators and oil revenues during the first half of 2026. Oil export revenues reached $15.234 billion, surpassing the target of $13.985 billion by 11.5%. Additionally, the general budget revenue from oil exports amounted to 96.735 billion Libyan dinars, compared to a goal of 89.7 billion dinars. Oil production stood at 246 million barrels, slightly below the targeted 252 million barrels, with a portion allocated to meet domestic needs. The ministry affirms that these results support the achievement of financial objectives and reflect successful coordination among government institutions in resource management. It also emphasizes the continued importance of enhancing coordination and linking performance to revenues to ensure better economic stability.
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