Tripoli, February 10, 2026 – The National Oil Corporation revealed production and revenue data for last January. Crude oil production reached approximately 42,709,334 barrels, distributed as follows: the Libyan state’s share was 31,505,245 barrels, partners’ share was 7,618,199 barrels, in addition to 7,072,548 barrels allocated for refining and 27,261,287 barrels available for export. Furthermore, 3,633,984 barrels were allocated to power stations in Ubari and Melitah.
Based on the average price of a barrel of crude oil (Brent) during January, which reached $66.796, the collected oil revenues amounted to $1,034,319,956.72 and €1,255,640.31. The amounts were transferred to the sovereign account, royalties, and concession contract taxes, thereby enhancing the state’s public revenues. This is in addition to the value of collateral guarantees for fuel supply amounting to $676,537,595.47 and $33,722,960.41 for the crude oil transferred to power stations.
Regarding the received budget for Chapter One (Salaries) in January 2026, it amounted to 327,792,250 Libyan dinars, while no amounts were disbursed for other items in the same month.
The Corporation indicated that this data reflects the transparency of the financial and production performance of the Libyan oil sector and its role in supporting the national economy and ensuring resource sustainability.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, serving as a major port and cultural crossroads. Its historic center, the medina, features ancient architecture like the Arch of Marcus Aurelius and the Red Castle (Assai al-Hamra).
National Oil Corporation
The National Oil Corporation (NOC) is the state-owned oil company of Libya, established in 1970 to manage the country’s hydrocarbon resources. It oversees all aspects of Libya’s oil and gas production, from exploration to export, and has been a central pillar of the national economy since its founding.
Ubari
Ubari is a town in southwestern Libya, located in the Fezzan region near the Ubari Sand Sea. Historically, it was part of the Garamantian civilization and later a key stop on trans-Saharan trade routes. The area is renowned for its stunning, saline lakes like Lake Umm al-Maa, which are remnants of a much larger ancient lake.
Melitah
Melitah is a coastal town in northwestern Libya, historically known for its proximity to the ancient Phoenician and Roman city of Leptis Magna. Its modern significance is primarily tied to the large Melitah Oil and Gas Complex, a major industrial hub for processing and exporting hydrocarbons. While the town itself has a long history in the region, it is often overshadowed by the UNESCO World Heritage ruins of Leptis Magna located nearby.
