Libya’s NOC Revenues Surpass $2 b in March

Libya’s NOC Revenues Surpass $2 b in March

Libyan National Oil Corporation’s (NOC) sales of crude oil, gas, condensate, petroleum products, and petrochemicals have returned a bit over $2 billion in March, which indicates a leap compared to the company’s revenues in February that recorded about $1.2 billion, according to a statement.

In the statement, NOC detailed the revenues stating that $1.2 million came from crude, $104.3 million came from gas and condensate revenues,  $30.99 million came from petroleum products, and $970,700 came from petrochemicals.

Additionally, about $2 billion was transferred to Libya’s sovereign wealth funds’ account, of which $ 1.5 billion were from March’s revenues. The company also has previously transferred $5.9 billion to the treasury account at the Central Bank of Libya.


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