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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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The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

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