The Central Bank of Libya (CBL) announced on Thursday that oil revenues since the beginning of January 2026 have reached $371 million.
In a statement, the Central Bank did not disclose the volume of foreign currency sales during the same period. However, the bank had previously reported that foreign exchange sales exceeded $1 billion during the first week of January alone, underscoring strong demand for hard currency in the local market.
The bank added that it continues to supply foreign currency to meet domestic market needs as part of its mandate to safeguard financial stability.
The CBL stressed that ensuring the availability of foreign exchange is essential to maintaining the flow of basic commodities, particularly ahead of the holy month of Ramadan, when consumer demand typically increases.
The January figures come after a strong close to 2025. In December, the Central Bank reported oil revenues totaling $1.349 billion, comprising $1.127 billion from crude oil sales and $222 million in petroleum royalties. These revenues provided a significant boost to public finances and foreign currency reserves at the end of the year.
Libya’s oil sector remains the backbone of the national economy, accounting for the overwhelming majority of state revenues and foreign exchange inflows. Any fluctuation in production or exports has a direct impact on fiscal policy, monetary stability, and the government’s ability to meet public spending commitments.
On December 23, Masoud Suleiman, Chairman of the National Oil Corporation, announced that oil revenues recorded noticeable growth throughout 2025. He also said that production levels are expected to increase gradually starting in the second quarter of 2026, supported by ongoing maintenance, field development, and technical upgrades.
