Libya’s oil revenue in 9 months of 2019 hit 22.7 billion dinars
Libya’s oil revenues reached 22.7 billion Libyan dinars ($16.09 billion) in the first nine months of the year, the Central Bank of Libya said on Wednesday.
The Tripoli-based CBL listed total government spending for the same period at 29.26 billion Libyan dinars, exceeding total revenues of 24.57 billion.
The CBL did not give comparative figures for the previous year.
Last month, the central bank said that Libya earned 20.2 billion Libyan dinars in oil revenue in the first eight months of the year.
Libya’s internationally recognised Tripoli-based Government of National Accord (GNA) said last week it had allocated 1.5 billion Libyan dinars for (NOC) to maintain oil production in 2019-2020.
Libya’s current oil production is around 1.3 million barrels per day, according to the NOC.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to firstname.lastname@example.org. Please include ‘Op-Ed’ in the subject line.
- NATO: We are dedicated to assisting Libya on its path to stability in terms of defense and security - June 16, 2021
- Administrative and financial failure casts a shadow of doubt over the National Safety Authority - June 16, 2021
- Al-Mangoush working to mobilize support for the full implementation of the Ceasefire Agreement - June 15, 2021