The National Oil Corporation (NOC) announced a sharp increase in Libya’s oil revenues for April 2026, with total earnings rising by approximately $1.4 billion compared to the same month last year.
The growth was largely driven by stronger crude oil exports, which generated an additional $709 million in revenue. At the same time, revenues from refined fuel products rose significantly, contributing a further $331 million to the overall increase.
Despite operational challenges, including reduced output from the Sharara oil field following a pipeline fire, Libya’s overall export performance remained strong. Increased production from other fields and improved export volumes helped offset the temporary disruption.
According to official data, Libya exported around 29.7 million barrels of crude oil in April 2026, compared to 27.1 million barrels during the same period in 2025. This increase of more than 2.5 million barrels played a key role in boosting total revenues.
As a result, income from crude oil exports rose from $2.118 billion in April 2025 to approximately $2.827 billion in April 2026. The rise reflects both higher export volumes and favorable global oil prices during the reporting period.
Fuel exports also recorded notable growth. Revenues increased from $586 million in April 2025 to $917 million in April 2026. The $331 million increase was driven by a combination of higher international fuel prices and an additional export shipment.
The latest figures highlight the continued importance of the oil sector as the backbone of Libya’s economy. Despite infrastructure constraints and occasional disruptions, the sector has demonstrated resilience and the ability to sustain growth.
