Libya’s H1 oil revenue dips to $10.2 bln

Financial Post | Jul 15, 2019 at 3:02 PM
  • Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the central bank said on Monday.
  • It also listed on a chart an allocation of $2.096 billion for state oil firm NOC.
  • Public sector employees’ salaries accounted for 55.6% of total spending at 9.9 billion dinars during the first half of 2019, while subsidies represented 19.4% of total state spending equivalent to 3.483 billion dinars.