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Home » Libya’s 2023 oil revenues reach $23.3 bln

Libya’s 2023 oil revenues reach $23.3 bln

Sunday, January 7, 2024 Oil & Gas 1 Min Read
NOC halts production at Mellitah Industrial Complex for renovation
A general view taken on January 6, 2015 shows the Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya after fighters from the Islamist-backed Fajr Libya (Libya Dawn) militia secured the perimeter of the oil complex. Mellitah Oil and Gas is a joint venture between Italy's ENI and Libya's National Oil Company and the Greenstream pipeline runs from Mellitah to Gela in Sicily. AFP PHOTO / MAHMUD TURKIA (Photo credit should read MAHMUD TURKIA/AFP/Getty Images)

The Central Bank of Libya said Sunday that the country’s oil revenues in 2023 were 111.4 billion Libyan dinars (about 23.3 billion U.S. dollars).

The central bank said of the total oil revenues, 99.1 billion dinars were oil sales and 12.3 billion dinars were oil royalties revenues.

The country’s total public revenues in 2023 were 125.9 billion dinars, while expenditures were 125.7 billion dinars, it added.

In 2022, the country’s revenues were 134.4 billion dinars, while expenditures were 127.9 billion dinars.

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