The National Oil Corporation of Libya recently released its weekly report detailing the country's consumption of natural gas and oil products from October 24 to 30, 2026. According to the report, the local market consumed a total of 7.469 million cubic feet of natural gas during this period. This consumption was distributed among various sectors, including the General Electricity Company, the National Oil Corporation, cement factories, and industrial complexes.
A breakdown of the natural gas consumption shows that the General Electricity Company used 5.771 million cubic feet, while the National Oil Corporation used 687 million cubic feet. Cement factories consumed 221 million cubic feet, and industrial complexes used 790 million cubic feet. The General Electricity Company accounted for 77% of the total natural gas consumption, with industrial complexes making up 11%, the National Oil Corporation 9%, and cement factories 3%.
In addition to natural gas, the report also provided data on the consumption of oil products. The local market consumed 53,935 barrels of crude oil during the same period. The consumption of diesel fuel was recorded at 25,242.1 metric tons. Notably, there was no consumption of heavy oil reported during this period.
The data released by the National Oil Corporation offers valuable insights into Libya's energy consumption patterns. The report is part of the corporation's efforts to provide regular updates on the country's energy usage. This information can be crucial for planning and decision-making purposes, both for the energy sector and the broader economy.
The National Oil Corporation's report is a significant release, given the importance of the oil and gas sector to Libya's economy. The country's energy industry plays a vital role in driving economic growth and development. As such, detailed reports on consumption patterns can help stakeholders understand market trends and make informed decisions.
The release of this data also underscores the corporation's commitment to transparency and accountability. By providing regular updates on energy consumption, the National Oil Corporation is helping to promote a better understanding of Libya's energy landscape. This transparency can contribute to more effective management of the country's energy resources.
Looking ahead, the National Oil Corporation is likely to continue playing a critical role in Libya's energy sector. The corporation's reports on energy consumption will remain an essential source of information for stakeholders, policymakers, and industry experts. As the country navigates its economic challenges, data-driven insights will be crucial in shaping the future of Libya's energy industry.
Key points
- The National Oil Corporation of Libya reported that the local market consumed 7.469 million cubic feet of natural gas and 53,935 barrels of crude oil from October 24 to 30, 2026.
