NOC: More than $5 billion in oil revenues during second quarter

Libya’s National Oil Corporation (NOC) announced that its net revenues from sales of crude oil, gas, condensates and petrochemicals exceeded $5 billion in the second quarter of 2023, the Libyan company announced on Facebook, specifying that oil exports last May produced 1.57 billion dollars in revenues.

In particular, revenues from sales of petroleum products amounted to one billion and 686 million dollars last April, one billion and 661 million dollars in May and one billion and 653 million dollars in June.

In the meantime, the work of the National Committee for Public Expenditure continues, formed last month by the Libyan Presidential Council and born with the aim of regulating public spending, improve financial transparency and fair distribution of the proceeds of wealth, including those from the oil sector.

Read the latest issue of the OGV Energy magazine HERE