In Libya, oil revenues reached LYD15.6 billion ($11.4 billion) during the first half of 2018, more than double the LYD6.8 billion collected the same period last year, the Tripoli-based Central Bank (CBL) revealed.

According to the bank, oil incomes accounted for more than 93% of total state earnings which stood at LYD16.7 billion over the period reviewed, slightly above total spending (LYD16.88 billion). Wages payments captured 66% of expenditures. Meanwhile, spending in dollar currency amounted to $4.79 billion and included $2.09 billion granted to the National Oil Corporation (NOC) and $2.7 billion in family allowances.

Let’s however mention that these figures only concerned part of the whole territory as the nation is politically and economically divided since 2014 and a rival central bank has been established in the Eastern city of Al-Bayda.