Libyan oil revenues during the past year 2023 amounted to 99.1 billion Libyan dinars (equivalent to 20.69 billion US dollars), according to data issued by the Central Bank of Libya.
Revenues declined last year by about 6 percent from 2022. Libya achieved oil revenues in 2022 of 105.4 billion Libyan dinars ($ 22.01 billion), compared to 103.4 billion dinars in 2021.
The Libyan Ministry of Oil and Gas warned that the loss of confidence in the sustainability of supplying the global market with Libyan oil results in Libyan oil being kept unmarketed, or demand for it decreases.
Source (CNBC Arabia Website, Edited)
