Libyan Cloud News Agency – Tripoli
The National Oil Corporation (NOC) announced on Friday that the net revenues for the months of November and December 2021, for sales of crude oil, gas, condensate, petroleum and petrochemical products, have reached record levels.
The NOC reported that the net revenues during the two months amounted to 4,321,675,360.58 US dollars, driven by a boom in prices around the world.
The Chairman of NOC Mustafa Sanallah said that the end of the year 2021 recorded a recovery, and oil prices achieved their largest annual gains since 2016, driven by the recovery of the global economy from the state of stagnation due to the Coronavirus epidemic.
He expected that oil prices will continue to rise unless the market fundamentals change and global investment upstream and downstream increases.