Indicators of oil exports & revenues reflect integration of government and state institutions: Ministry of Economy

Libya's Ministry of Economy and Trade announced that economic and financial performance indicators from January 1 to June 30, 2026, show an improvement in oil exports and revenues compared to targets.

The ministry stated that revenues from oil exports in foreign exchange amounted to $15.234 billion, surpassing the target of $13.985 billion by approximately 11.5%. General budget revenues from crude oil exports reached 96.735 billion dinars against a target of 89.7 billion dinars. Crude oil production during the period was 246 million barrels, slightly below the target of 252 million barrels, with some production allocated to the local market and power stations.

These indicators reflect the importance of coordination and integration among state institutions in managing public resources and enhancing economic stability. The ministry emphasized that these results are a positive indicator of the unified financial agreement's goals. It called for continued coordination, linking performance to actual revenues, improving spending efficiency, and directing resources to support economic activity and citizens' living standards.

The ministry concluded that the results demonstrate the government's success in managing the economic and financial file, with oil revenues exceeding approved targets. This success is attributed to effective coordination between government institutions in supporting financial stability and maximizing the use of the state's oil resources.