Libya’s NOC Achieves Revenues Worth $1.2 B in February

Libya’s NOC Achieves Revenues Worth $1.2 B in February

The Libyan Oil Corporation (NOC) announced that it has achieved revenues estimated at $1.2 billion from the sale of oil and its derivatives during February, which were deposited into the account of the National Oil Corporation at the Libyan Foreign Bank in Tripoli, in line with the temporary arrangements in force that ended with the formation of the government of national unity, which won the confidence recently,  according to a press release.

On this occasion, the Chairman of the Board of Directors, Mustafa Sanalla, commented “It is my pleasure, on my own behalf, and on behalf of the Board of Directors of the National Oil Corporation and its subsidiaries, to congratulate the honorable Libyan people on the occasion of the national unity government gaining confidence from the Libyan Parliament, and I pray to Allah that it will be the beginning of a new phase that achieves the hopes and aspirations of the Libyan nation.”

Meanwhile, Sanalla elaborated that NOC is looking forward to maximizing its cooperation with the Ministry of Oil and Gas to expand the capabilities of the Libyan oil resources, stressing that Libya should be one the leading countries in the oil industry.

The statement, also, referred to the instructions given by the Prime Minister to build a stock of liquid fuel in power plants, drinking water desalination plants and fuel distribution stations in all NOC warehouses in the country seeking to meet the increasing consumption during the holy month of Ramadan and to mitigate the suffering of all citizens all over the country.


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