Tripoli: The National Oil Corporation announced that it collected $1.99 billion from oil sales and royalties during the month of March.
According to Libyan News Agency, the National Oil Corporation (NOC) released data on Monday concerning oil and gas production, revenues, and the budget for March 2026. Total production reached 40,430,388 barrels, with Libya’s share being 31,346,644 barrels, partners’ share at 7,901,423 barrels, and 7,408,352 barrels available for export.
The NOC clarified that crude oil exports amounted to 27,158,339 barrels, refined oil was at 3,773,197 barrels, and 415,108 barrels were supplied to power plants in Ubari and Mellitah, totaling 77,518,600 barrels.
Regarding gas, the corporation noted that the amount available for consumption was 73,554.8, while the utilized quantity was 52,995.3. The volume of acidic and low-pressure hydrocarbon gases was 12,533.
The transferred amount was reported to be $1,993,175,222.37, equivalent to 852,759,149.672 Libyan dinars. The NOC mentioned th
at the value of fuel import credits via the Libyan Foreign Bank will be deducted from this amount, as per the signed agreement. The remaining balance of $1.394 billion will be transferred to the Central Bank of Libya.
The corporation also highlighted that the first chapter, salaries, amounted to 327,792,250 Libyan dinars, while the second, third, and fourth chapters recorded 0.00 Libyan dinars.