Libya oil revenues decline 8.3% in 2019

Alwasat - Cairo Wed 15 Jan 2020, 05:38 PM
alwasat radio

Libya's National Oil Corporation (NOC) on Tuesday revealed that the country's revenue in 2019 declined by 8.3 percent from 2018 due to war and oil price drop.

The revenue in 2019 was about 22.5 billion dollars, and "these figures reflect a drop in the oil price," the NOC said in a statement.

The oil sector, the main source of income of Libya, has suffered tremendously from the armed attacks on oil fields and ports.

Since early April of 2019, a deadly armed conflict in and around the capital Tripoli has killed and injured thousands of people, and forced more than 120,000 civilians to flee their homes.

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