Oil firm discloses August output and revenue
The Libyan National Oil Corporation announced the details of oil and gas production for August 2026, stating that the total oil output reached approximately 43.3 million barrels, with the Libyan state's share amounting to about 31.6 million barrels, while partners accounted for 11.3 million barrels. A total of 27.6 million barrels of oil were exported, and 3.5 million barrels were authorized for transportation to refineries, in addition to quantities allocated for power plants. The average Brent crude price during July was $83.41 per barrel. Natural gas production was around 77 billion cubic feet, with an actual consumption of 56.9 billion cubic feet. In terms of revenue, over $2.55 billion were transferred to the sovereign account, with royalties and taxes totaling approximately 2.07 billion Libyan dinars.
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