Libya's NOC says oil revenues for 2021 amounted to 21 billion and 555 million dollars

Libya's NOC says oil revenues for 2021 amounted to 21 billion and 555 million dollars

January 15, 2022 - 20:34
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Written By: AbdulkaderAssad

The National Oil Corporation (NOC) said the total net revenues achieved during 2021 amounted to 21,555,396,675.07 billion US dollars and 30,098,669.01 euros.

It added that royalties and taxes have been recorded since the lifting of force majeure in September of the year 2020 until December 31, 2021, an amount and capacity of 2,275,850,786.95 US dollars, which was deposited in the account of the Ministry of Finance with the Central Bank of Libya, provided that royalties and taxes will be withheld in the coming months for the South Refinery and infrastructure projects in accordance with the decisions of the Council of Ministers in particular.

The NOC continues to announce oil revenues in all transparency, in line with its principles of disclosure and transparency, which it has always pursued since January 2018, and has continued to work to this day.