Libya's National Oil Corp. generates $6.27 billion in revenues in first quarter of 2019

Alwasat - Cairo Tue 21 May 2019, 09:00 PM
alwasat radio

Libya's National Oil Corporation (NOC) achieved revenues of $6.27 billion during the first four months of this year, representing total revenues of the company from crude oil, gas, condensates, petroleum products and petrochemicals.

According to data released on Sunday, the general income of the National Oil Corporation for the month of April rose by 16.8% compared to what it achieved in January this year, the institution's income increased by $270.56 million, to reach $1.87 billion compared to $1.602 billion.

In terms of crude oil, the company's revenues rose from $1.35 billion in January to $1.599 billion in April, while taxes, royalties and concession contracts totaled $123.38 million, compared to $ 131.41 million in the same period.

For gas and condensate, the company's revenue increased from $126.24 million in January to $138.32 million in April. It also achieved a jump in petrochemical revenues during the four months of 86%, rising from $ 1.956 billion in January to $ 3.638 billion in April.

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