TRIPOLI, Aug. 12– Libya’s oil export revenues exceeded 15 billion U.S. dollars in the first half of 2026, according to data published by the Ministry of Economy and Trade on Tuesday.
The revenues reached 15.234 billion dollars during the first six months of the year, exceeding the target of 13.985 billion dollars by almost 9 percent, the ministry said.
Crude oil production during the period stood at about 246 million barrels, compared with a target of 252 million barrels.
The half-year results “represent a positive indicator” of progress in implementing the targets of the country’s unified financial expenditure agreement, the ministry said.
It added that the next phase requires continued coordination among state institutions, linking performance to actual revenues and directing resources toward supporting economic activity and improving citizens’ living standards.
In April, the House of Representatives and the High Council of State, Libya’s two legislative bodies, signed a unified public spending agreement at the Central Bank of Libya, marking the first consensus on unified spending across Libya in more than 13 years.
Oil and gas exports are Libya’s main source of revenue, but production has been repeatedly disrupted in recent years by conflict and political instability. (Namibia Daily News / Xinhua)
