Libya collected approximately 1.1 billion Libyan dinars in royalties and taxes from oil and gas companies during November, according to figures released by the Ministry of Oil and Gas.
Official data showed that royalties collected from companies operating under concession and production-sharing agreements totaled around 120.7 million dinars. Royalties from crude oil production accounted for about 111 million dinars, while natural gas royalties reached roughly 9.6 million dinars.
Tax revenues represented the largest share of total collections during the month. The ministry reported that taxes on crude oil production amounted to approximately 934.5 million dinars, while taxes on natural gas reached nearly 44.5 million dinars, bringing total tax income from the sector to about 979.1 million dinars. The figures were cited by the Libyan News Agency.
Looking ahead, Libya is preparing for a significant milestone in its energy sector. Authorities are expected to announce the results of a new oil and gas licensing round at the beginning of 2026, marking the country’s first such initiative in nearly 18 years. The last licensing round took place between 2007 and 2008, before years of political instability disrupted exploration activity.
The National Oil Corporation launched the new bid round in March, offering more than 20 onshore and offshore blocks to attract international investment and boost exploration.
According to the NOC, 29 companies qualified as operators and eight as investors after meeting technical and financial criteria. Among them are major global energy firms, including BP, ExxonMobil, Chevron, TotalEnergies, and Italy’s Eni, signaling renewed confidence in Libya’s long-term energy potential.
