NOC - National Oil Corporation

12/05/2020 | Press release | Distributed by Public on 12/05/2020 02:24

Revenues of November 2020

The National Oil Corporation (NOC) announces that exports of crude oil, gas and condensate, petroleum products and petrochemicals for the month of November 2020 have amounted to US$ 700,421,887.47 with an increase of % 204 from last October.

It is worth mentioning that the revenues of November 2019 were US $ 1,660,115,142.09. We should also note that previous years' debts of US $ 37,542,524.00 have been collected from Oil Investment Company and the entire revenues are kept in the National Oil Corporation's accounts at the Libyan Foreign Bank including the entire operations and subsequent settlements (partners and rights of others).

The National Oil Corporation has always been publishing all the data related to oil revenues on a monthly basis since January 2018 in order to ensure the application of the principle of transparency.

The following is a statement of the collected revenues in US dollar during the month of November 2020 taken from the records of the Commercial Department that are reconciled with the bank statements.