The Central Bank of Libya Headquarters in al-Bayda issued a statement concerning revenues and expenditures, including the gap between oil revenues for the first quarter of 2019, 2020.
The Bank stated that its oil revenues for January 2019 were more than US$ 1.602 bn. However, in January 2020, oil revenues were up to US$ 1.768 bn.
Oil revenues for February 2019 were US$ 1.264 bn, while oil revenues for February 2020 crashed to just LD 555 million.
Central Bank of Libya Headquarters in al-Bayda said that shutting down oil facilities since January 17 caused oil revenues to drop to more than US$ 982 bn.
The difference between oil revenues for March 2019 and March 2020 has witnessed a huge gap estimated at more than $440 million.
In March 2019, oil revenues recorded more than US$ 1.533 bn, while in March 2020 it decreased to more than US$ 1.93 bn.
The Central Bank of Libya Headquarters in al-Bayda stressed that 2019 and 2020 total losses in the same months were more than US$982 million.