Tag Archives | oil revenues

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 […]

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 […]