NOC: Libya's March oil revenues exceed $2 billion

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NOC: Libya's March oil revenues exceed $2 billion

April 17, 2021 - 18:48
Written by: AbdulkaderAssad

The Libyan National Oil Corporation (NOC) announced that the general revenue for the month of March 2021 resulted from the sales of crude oil, gas, condensate, petroleum products and petrochemicals has reached record levels of 2,052,178,786.17 US dollars.

NOC said 104.3 million dollars came from gas and condensate revenues, 30.99 million dollars from petroleum products, 5.8 million euros from petrochemicals.

The NOC said the increase is attributed to the fact that the revenues of February reflect 28 days in the calendar, while the collection of the value of the exported shipments takes place within thirty days, which gave an increase in the revenues of March compared to the achieved revenue in February.