Details of oil flows and transfers up to 15 October
LIBYA – The Audit Bureau has released detailed data on oil revenue flows up to 15 October 2026, saying revenues collected in the National Oil Corporation’s (NOC) accounts at the Libyan Foreign Bank amounted to $1,447,655,717, while sums transferred to the Central Bank of Libya reached $577,412,883. It warned against publishing partial figures that cause confusion in the markets.
Following up Central Bank and NOC statements
In a statement, a copy of which Al-Marsad received, the Bureau said it had followed statements issued on Thursday by the Central Bank of Libya and NOC, which it described as containing partial figures and information on oil export proceeds and October revenues.
It stressed that its oversight role covers monitoring revenues from the collection of export proceeds, through their transfer to accounts at the Libyan Foreign Bank, to their deposit in the Central Bank of Libya’s accounts, and that its data is based on monitoring reports up to 15 October 2026.
$1,447,655,717 in revenues collected
The Bureau put revenues collected in NOC’s accounts at the Libyan Foreign Bank — matching export invoices and their due dates — at $1,447,655,717.
$864,569,929 for the fuel account
It added that total funds and allocations transferred to the fuel account to secure the domestic market’s fuel needs had reached $864,569,929 as of the date covered by its data.
$577,412,883 transferred to the Central Bank
It noted that, as of Thursday, the Libyan Foreign Bank had transferred and credited a total of $577,412,883 to the Central Bank of Libya’s account.
Exports of $3,215,454,196 expected by end of October
Based on the due dates of oil export invoices, the Bureau expected the total value of oil exports up to the end of October 2026 to reach $3,215,454,196.
Fuel supply liabilities of $1,549,515,927
On fuel supply liabilities owed to the Libyan Foreign Bank for covering letters of credit and overdrafts drawn on the fuel account, the Bureau said outstanding dues that must be paid and settled before the end of the year amounted to $1,549,515,927.
Warning over the impact of incomplete figures on the dinar
The Audit Bureau stressed the need for accuracy and transparency when publishing data on public funds and the state’s cash flows, warning that partial information could cause confusion, undermine market stability and fuel speculation on the parallel exchange market, increasing volatility in the value of the dinar and cost-of-living pressures on citizens.
It called for prior coordination between sovereign institutions to ensure that sound and clear data is presented to the public.
Decision No. 639 to unify reporting and reconcile figures
It noted that the head of the Bureau had issued Decision No. 639 of 2026 on 1 October, forming a committee of representatives of the Audit Bureau, the Central Bank of Libya, the Ministry of Finance, NOC and the Libyan Foreign Bank to reconcile figures, unify reporting and prevent conflicting official data from recurring.
