Tag Archives | oil revenues

Libyan Oil Revenues down 21% in February

By John Lee. February income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was $1.26 billion – a more than $330 million (-21%) month-on-month decrease. The drop in oil revenue is attributed to adverse weather conditions affecting exports from the Es Sider port, in addition […]

January Oil Revenues Down 30%

By John Lee. Libya’s National Oil Corporation (NOC) has announed that January income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was just over 1.6 billion USD – a drop of more than 680 million USD (-30%) compared with the previous month. While 2018 represented […]

NOC Records Highest Annual Revenue since 2013

The National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase. NOC chairman, Eng. Mustafa Sanalla presented the 2018 financial data and NOC subsidiary plans for the coming year during a press conference […]

Oil Revenue could rise 76% YoY

The National Oil Corporation (NOC) has declared that November income from sales of crude oil, derived products, and taxes and royalties received from concession contracts was approximately 2.4 billion USD – the third highest monthly total of 2018. However, the figure is down from the 2.87 billion USD sold in October. Total projected revenue for […]

Libya breaks 2018 Monthly Oil Revenue Record

The National Oil Corporation (NOC) declares that October income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was 2.87 billion USD – the highest year-to-date monthly total of 2018. This represents an increase of 1.21 billion USD (+73%) from the September figure. 2018 total projected […]

September Oil Revenue up 5.6%

The National Oil Corporation (NOC) has announced that September income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was just over 1.66 billion USD – a rise of nearly 93 million USD (+5.6%) from August figures. It should be noted that Libyan natural gas is […]

Oil Revenues Fell Sharply in August

The National Oil Corporation (NOC) has declared that monthly oil and gas revenues for August were just over 1.57 billion USD – a drop of nearly 455 million USD from the previous month. The fall in August revenue is attributable to the continued state of ‘force majeure’ in the first half of July at the […]

Libya on track for Highest Oil Revenues since 2013

The National Oil Corporation (NOC) has announced year-to-date revenue for 2018 (January to the end of July) of 13.6 billion USD. Notwithstanding the recent Gulf of Sirte crisis and other national operational challenges, NOC 2018 year-to-date revenue has already eclipsed the 2017 total (13 billion USD). Should the corporation be allowed to continue its work […]