21 Hrs
Source:
عين ليبيا
Oil Ministry Reports September Royalties and Taxes
The Libyan Ministry of Oil and Gas highlighted its revenues from taxes and royalties, which amounted to approximately 2.074 billion Libyan dinars in September 2026. The revenues are solely based on the crude oil sector, with no income recorded from natural gas. This income includes 1.868 billion dinars from taxes, 132.8 million dinars from royalties, and 73.3 million dinars from settlements. These results are the outcome of the efforts of the General Directorate for Company Accounting, in cooperation with relevant institutions. Additionally, the Ministry held a regular meeting on October 8, 2026, to follow up on work progress, enhance administrative performance, and focus its efforts on improving resource and revenue management to achieve the ministry’s objectives within the framework of current legislation.
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