TRIPOLI, Libya — Libya’s Ministry of Oil and Gas has announced that the country collected 1.19 billion Libyan dinars in oil royalties and taxes during December 2025, highlighting the continuing role of hydrocarbon revenues in the nation’s public finances.
Breakdown of Revenue
The figures released by the ministry show:
• Oil royalties: 107.9 million dinars
• Oil taxes: about 1.087 billion dinars
These sums were collected from companies operating in Libya under concession and production sharing agreements for crude oil production and export.
The breakdown did not specify how much, if any, was collected from natural gas operations under similar contractual arrangements.
Why This Matters
Libya’s economy remains heavily dependent on the oil and gas sector, with hydrocarbons accounting for the vast majority of government revenues. While the Central Bank of Libya’s broader revenue reports show total fiscal collections from oil sales, royalties, and taxes running into the tens of billions of dinars annually, monthly figures like December’s help track ongoing income flows amid fluctuating production and global oil prices.
Such revenue supports public services, salaries, and budget needs across the country, even as economic experts repeatedly urge officials to diversify revenue sources beyond oil to improve fiscal resilience.