Libya’s oil revenues amounted to 22.218 billion Libyan dinars (LD) in the first seven months of this year, according to the Central Bank of Libya’s (CBL) latest statistical bulletin.
The CBL said that the country’s collected tax revenues were only 304 million LD. Revenues from customs duties reached 88 million LD, 82 million LD dinars came from state telecoms entities, while CBL profits and other state duties amounted to 175 million LD. Meanwhile, the state’s revenues from fuel sales was 100 million LD, while service fees and other revenues amounted to 296 million LD.
The CBL noted that the total oil and sovereign revenues reached 3.346 billion dinars, while the bank’s loan to the Government of National Accord (GNA), to cover its budget deficit, rose to 15.579 billion LD. As for the foreign currency sales levy, the CBL said these amounted to 1.225 billion LD, during this period.
Notably, Libya’s state National Oil Corporation (NOC) reported crude oil, gas (propane and butane), and condensates revenues were US$45,552,578.87 for June, the lowest recorded this year. On the 26th of July, the NOC reported that the oil blockade had cost the country US$7.5 billion in losses, from potential oil revenues. It said no revenues were earned from the sale of oil products for the sixth month in a row.