23 Hrs
Source:
بوابة الوسط
Source: بوابة الوسط
23 Hrsبوابة الوسط
Source: بوابة الوسط
23 HrsReady to play
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The Ministry of Oil and Gas of the Government of National Unity in Libya announced that it collected 2.3 billion dinars in taxes and royalties from oil companies in July 2026. This reflects the country's heavy reliance on oil and gas revenues to fund the general budget. Approximately 2.2 billion dinars came from crude oil taxes, while 130.6 million dinars were from royalties. Natural gas revenues, however, were zero during the same period. The Libyan oil industry faces challenges such as fluctuating production levels and security disruptions, which necessitate increased investments to maintain production rates and develop existing fields.
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