NOC announces rise in October income by 21%

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NOC announces rise in October income by 21%

November 11, 2019 - 10:26
Written by: SafaAlharathy

The National Oil Corporation (NOC) has announced an increase in October revenues to about 2.2 billion dollars, up to 381 million dollars or 21 % compared to last month.

Core income of NOC represents sales of crude oil, hydrocarbon fluids, petroleum, and petrochemical derivatives, in addition to taxes and royalties from concession contracts.

October outputs also included sale revenue of oil shipments exported in September and collected in October, according to a statement issued by the NOC.