Libya's Oil Output Surges to 43 Million Barrels in August

The National Oil Corporation of Libya reported an increase in crude oil production for August. The corporation stated that approximately 43 million barrels were produced, a rise of about 1.55 million barrels compared to July's output.

This significant increase also led to higher revenues, with the collection of approximately 2 billion dinars in royalties and taxes on concession contracts. Additionally, more than 2 billion dollars in oil revenues for August were transferred to the sovereign account at the Libyan Foreign Bank.