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Home Business

Oil revenues collected from royalties and taxes in January 2024 amounted to over LD 1.47 billion

bySami Zaptia
February 5, 2024
Reading Time: 1 min read
A A
Libya and Shell discuss several areas of cooperation

The Ministry of Oil and Gas’s General Administration of Corporate Accounting Department reported yesterday in its monthly bulletin a statement of oil revenues collected from concession and participation contract companies (ConocoPhillips – Total Energy).

These include royalties and taxes on the quantities produced and exported of crude oil during January 2024 amounting to: LD 1,470,678,549.301 (one billion four hundred and seventy million, six hundred and seventy-eight thousand, five hundred and forty-nine Libyan dinars and 301 dirhams).

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Akakus Oil confirms oil pipeline leak at Block 186, confirms leak fixed using Libyan cadres within hours – returning production to normal

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