Libya's oil revenues exceed $2 billion as Austria discovers 45 million-barrel reserve

Libya, which holds Africa's largest oil reserves, saw its monthly crude oil production exceed 43 million barrels in August 2026, resulting in state energy revenues surpassing $2 billion. This development coincides with Austria's discovery of a 45 million-barrel oil reserve in Libya, highlighting the country's growing significance in the oil sector.

Originally published by gnews