NOC announces drop in oil and gas revenues in September

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NOC announces drop in oil and gas revenues in September

October 26, 2019 - 14:12
Written by: SafaAlharathy

The National Oil Corporation (NOC) announced on Friday that its oil and natural gas revenues of last September have dropped to about 1.8 billion dollars, a decrease of about 223 million dollars from revenues of August.

The NOC head, Mustafa Sanallah has said that the month of September had witnessed major turmoil in the oil market, pointing out that the strategy followed by the NOC to increase production and storage capacity aims mainly to maintaining stability at the oil market.