Economics and Business

NOC: Oil revenues exceeded $ 2 billion in July 2021

Libyan Cloud News Agency – Tripoli

The National Oil Corporation (NOC) announced that the net revenues from sales of crude oil, natural gas, condensates, petroleum products and petrochemicals reached record levels in July 2021.

Driven by strong demand and an increase in production and international prices, the NOC said that crude oil revenues reached $ 1,965,494,665.28, followed by gas and condensates, which reached $ 80,985,359.19.

The NOC added that it had achieved oil products net revenues of $ 3,379,155.88 and petrochemicals revenues of US$ 2,794,996.38

The total net revenue from oil sales in US dollars has reached $ 2,052,654,176.73, according to the NOC.

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