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أخبار الصين
Libya earns over $15B from oil exports
The Libyan Ministry of Economy and Trade announced that oil export revenues during the first half of 2026 exceeded $15.23 billion, surpassing the targeted goal of $13 billion by approximately $1.24 billion. The ministry also reported oil production reaching around 246 million barrels, slightly below the target of 252 million barrels, with an average daily production of 1.365 million barrels. Additionally, the value of imported petroleum derivatives for the local market amounted to about $3.74 billion, and export inventories reached 7.7 million barrels by the end of June 2026. These results confirm the positive performance in achieving the objectives of the unified financial agreement between the two councils, which aims to unify spending across Libya for the first time in over 13 years. Libya heavily relies on the oil sector, which accounts for approximately 93% of government revenues.
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