Tag Archives | oil revenues

October Oil/Gas Revenues up 21%

By John Lee. Libya’s National Oil Corporation (NOC) reported October 2019 revenues of approximately 2.2 billion USD, an increase of 381 million USD (21%) compared to September 2019 revenues. NOC’s revenues come from sales of crude oil, hydrocarbon liquids and oil and petrochemical derivative products, in addition to taxes and royalties received from concession contracts. […]

Libyan Oil & Gas Revenues Down 11% in September

By John Lee. Libya’s National Oil Corporation (NOC) reported September 2019 revenues of approximately 1.8 billion USD, a decrease of 223 million USD (11%) compared with August, and an increase of 150 million USD (9%) compared with September last year. NOC’s revenues come from sales of natural gas, crude oil and assorted derivative products, in […]

NOC warns of Sharp Decline in Oil Production

By John Lee. The National Oil Corporation (NOC) has warned that Libyan oil production may fall precipitously over the next nine months if the government continues to withhold already approved budgets. NOC recorded August 2019 revenues of approximately 2 billion USD, a decrease of 117 million USD (5%) compared with July, and an increase of […]

Libyan Finances Ahead of Plan for Jan-Aug Period

By John Lee. Libya’s total revenues were 1.1 billion Libyan dinars ($800 million) ahead of budget for the first eight months of the year, according to a statement from the Central Bank of Libya (CBL) on Monday. Oil revenues were 2.6 billion dinars ahead at 20.2 billion dinars, with all other revenue sources being below […]

Libyan Oil Revenues Up 23%

By John Lee. The National Oil Corporation (NOC) has recorded July 2019 income of 2.1 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month increase of 403 million USD (+23%). This month’s figures were inflated by a busy crude loading schedule […]

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 […]