Court of Audit reports oil revenue data to October 15
The Libyan Audit Bureau revealed that the total petroleum revenues collected during the period from October 1 to October 15, 2026, amounted to approximately $1.448 billion. It is expected that the total value of oil exports will exceed $3.215 billion by the end of the month. The report indicated that the amounts collected have been deposited into the accounts of the National Oil Corporation with the Libyan Foreign Bank, in addition to the funds allocated to cover local needs, which reached $864.6 million by mid-October. It also pointed out that financial obligations related to fuel imports amounted to $1.55 billion and must be settled before the end of the year. The importance of transparency and coordination among institutions was emphasized to ensure the accuracy of financial data, along with a warning against publishing unverified figures that could lead to market disruptions and have a negative impact on the local currency's rate.
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