{"id":257741,"date":"2026-08-05T01:36:56","date_gmt":"2026-08-04T23:36:56","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=257741"},"modified":"2026-08-06T01:37:58","modified_gmt":"2026-08-05T23:37:58","slug":"al-zantouti-numbers-behind-them-hidden-facts-exposures-and-failures","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/al-zantouti-numbers-behind-them-hidden-facts-exposures-and-failures\/","title":{"rendered":"Al-Zantouti: Numbers Behind Them Hidden Facts, Exposures, and Failures!"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Written by: Financial Analyst \u201cKhaled Al-Zantouti\u201d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based on the figures and data recently published by some official Libyan authorities, I have noted the following simple observations:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>First:<\/strong> The average daily crude oil production reached approximately 1.34 million barrels, which is even below the usual level. Despite the significant capital allocations made to the National Oil Corporation in recent years, production remains at its normal level or sometimes even lower. What could be the reason? Is it due to insufficient allocated funds, or are there other reasons that we are unaware of?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We should not forget that losing our ability to increase production means losing an alternative opportunity that can never be recovered under any circumstances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notice that OPEC+ continues to increase its production steadily to benefit from the current market conditions. Where do we stand in this regard?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Second:<\/strong> The foreign partner\u2019s share of July\u2019s production amounted to around 19%, while this percentage varies from month to month. According to my general information, the foreign partner\u2019s share does not exceed 12.5% (perhaps I am mistaken). Is there any clarification regarding this?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Third:<\/strong> The 3.2 million barrels transferred daily for refining \u2014 how are they treated financially in terms of cost and revenue?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do not forget that this represents 10% of exported quantities, equivalent to approximately a quarter of a billion dollars monthly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Fourth:<\/strong> According to available information, the value of imported fuel products ranges between $900 million and $1.3 billion per month, distributed as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One-third or less for subsidizing gasoline for citizens.<\/li>\n\n\n\n<li>One-third or less for electricity generation.<\/li>\n\n\n\n<li>One-third or more for smuggling?!<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Do not forget that, according to some international sources, the value of monthly fuel smuggling exceeds half a billion dollars, while the value of consumption by citizens, the government, and all their ordinary, luxury, and armored vehicles does not exceed $400 million, based on the highest global average consumption rates per capita.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Would it not be more appropriate to eliminate smuggling first, then organize subsidies for citizens according to international standards and experiences, instead of some calling for their immediate cancellation or replacement with direct cash payments?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Fifth:<\/strong> The amount transferred to the Central Bank\u2019s sovereign account in July reached approximately $2.2 billion. However, the bank owes more than $1 billion for imported fuel, which will be directly deducted from the mentioned account. This means the Central Bank will receive only around $1 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, approximately 50% will go toward covering the cost of imported fuel, most of which goes to \u201crespected\u201d smugglers and electricity generation (without electricity)!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do not forget that the remaining $1 billion will cover the needs of 7.5 million Libyans for food, drink, clothing, transportation, and medicine. \u201cEnough, Shu\u2019ayb, enough!\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by: Financial Analyst \u201cKhaled Al-Zantouti\u201d Based on the figures and data recently published by some official Libyan authorities, I have noted the following simple observations: First: The average daily crude oil production reached approximately 1.34 million barrels, which is even below the usual level. Despite the significant capital allocations made to the National Oil [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":257742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[683],"tags":[],"class_list":["post-257741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Al-Zantouti: Numbers Behind Them Hidden Facts, Exposures, and Failures! - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/al-zantouti-numbers-behind-them-hidden-facts-exposures-and-failures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al-Zantouti: Numbers Behind Them Hidden Facts, Exposures, and Failures! - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"Written by: Financial Analyst \u201cKhaled Al-Zantouti\u201d Based on the figures and data recently published by some official Libyan authorities, I have noted the following simple observations: First: The average daily crude oil production reached approximately 1.34 million barrels, which is even below the usual level. 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