Libya’s National Oil Corporation (NOC) has released on July 2 its June 2026 production and revenue figures, disclosing robust oil and gas output alongside significant financial inflows under its transparency and disclosure framework.
Total crude oil production for the month reached 41,867,126 barrels, with 29,950,320 barrels allocated to the Libyan state and 10,909,540 barrels assigned to international partners. Exportable crude as of 30 June stood at 7,758,304 barrels.
The state’s share included 25,480,272 barrels for export, 4,097,943 barrels for domestic refining, and 372,105 barrels supplied to power plants in Ubari and Mellitah. The corporation noted that the average Brent crude price in May 2026 was $107.554 per barrel, influencing revenue calculations and export valuations.
In the gas sector, production reached 73,323.7 million cubic feet, with 53,378.6 million cubic feet utilised for consumption, while additional volumes included sour gas and low-pressure hydrocarbons.
On the revenue side, the NOC reported $3,260,938,421.20 transferred to the sovereign account at the Libyan Foreign Bank in June, alongside LYD 2,721,675,652.68 in royalties and concession taxes paid to the Ministry of Oil and Gas.
The corporation also noted deductions for fuel import letters of credit before final transfers to the Central Bank of Libya.
