Libya’s Central Bank of Libya (CBL) announced that oil revenues transferred to its accounts reached $482 million as of Sunday, January 18, reflecting the continued flow of petroleum income during the opening weeks of the year.
The announcement comes against the backdrop of a strong performance by the country’s oil sector over the past year. Earlier in January, the National Oil Corporation revealed that Libya generated approximately $21.9 billion in oil revenues throughout 2025, compared with $18.6 billion in 2024. This represents a year-on-year increase of about 15 percent, with average monthly revenues estimated at nearly $844 million.
Oil revenues remain the backbone of Libya’s public finances, providing the primary source of funding for imports, public-sector wages, and essential state expenditures. The steady inflow recorded in January underscores the sector’s continued role in supporting financial stability, particularly at a time when demand for foreign currency remains high and economic pressures persist.
In a previous statement issued on January 13, the Central Bank reaffirmed its commitment to supplying foreign currency to meet market needs, stressing that this policy falls within its national responsibilities. The bank highlighted the importance of ensuring the availability of basic goods and maintaining price stability, especially as the country approaches the holy month of Ramadan, when consumption typically rises.
