Increase in Libyan NOC's October Revenues

published:12/11/2019 05:31 GMT

Libya's state-run National Oil Corporation (NOC) said on Sunday its October revenues rose 21% to US$2.2 billion from US$1.8 billion in September. Its revenues came from sales of crude oil, hydrocarbons, petroleum and petrochemical derivatives, as well as taxes and royalties from concession contracts, it said in a statement. The revenues included receipts for shipments made in September. "Despite the deteriorating security situation in the country, the National Oil Corporation was able to...More