In 2025, Libya’s total revenue reached 136.9 billion Libyan dinars ($21.7 billion) including 99.6 billion dinars in oil revenue and 17.2 billion dinars through oil royalties. Its total expenditure for the period was Dh136.8 billion dinars, with 73.3 billion dinars spent on salaries, and expenditure on subsidies amounting to Dh34.5 billion dinars, according to Libya central bank's data. Libya’s oil production has been disrupted in previous years by the unrest in the country. Last week, it announced investment worth $20 billion to increase oil production at Waha oilfield, in partnership with France’s TotalEnergies and ConocoPhillips. Chevron, a major US oil producer, also plans to return to Libya after leaving more than a decade ago.

Source: Libya Today February 01, 2026 05:16 UTC