Tag Archives | oil revenues

June Oil Production Down

By John Lee. Libya’s National Oil Corporation (NOC) has announced June income of $1.7 billion from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month decrease of $580 million (-25%). Accordingly, half-year recorded oil and gas revenues for 2019 amounted to $10.3 billion USD […]

24% Increase in Libyan Oil Revenues

By John Lee. The National Oil Corporation (NOC) has announced May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 448 million USD (+24 percent). Revenue figures were bolstered by sustained global oil prices, in […]

Rising Oil Prices bolster April Revenues

The National Oil Corporation (NOC) has reported a 22-percent increase in income for April. The company said it received “1.87 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 340 million USD (+22%)“. Revenue figures were bolstered by […]

March Oil Revenues Up

Libya’s National Oil Corporation (NOC) has reported that its income for March was over 1.5 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 270 million USD (+20%). Improved March revenues were largely attributable to the end of […]

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 […]