NOC Achieves Revenues of $1.41 billion in January

NOC Achieves Revenues of $1.41 billion in January

The Libyan National Oil Company (NOC) has announced that it achieved a record level in its revenues during January 2021, estimated at $1.41 billion, a press release reported.
On this occasion, the Chairman of the Board of Directors, Mustafa Sanalla, noted that this achievement is an output of the efforts of NOC, its companies, and workers to increase the production rates at record times.
“Despite the confusion and bureaucracy of some decision-making circles in the state in order to liquefy the necessary and urgent budgets that are still pending, the NOC is dealing with the challenges out of its sense of national responsibility towards the citizen.” said Sanalla.
The statement elaborated that the revenues included $1.26 billion from oil sales, $138.1 million from natural gas and condensate sales and $13.3 million from petroleum products in addition to $997,04 from petrochemicals.
on the other hand, NOC noted that it didn’t receive the allocation of hydrocarbons for January and February 2021 respectively, and it continues to finance the operation of vital facilities for the country with special arrangements with banks.


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