News In Brief
Libya's November oil revenue exceeds $700 million
The Libyan National Oil Corporation (NOC) announced that exports of crude oil, gas and condensate, petroleum products and petrochemicals for the month of November 2020 have amounted to over $700 million with an increase of %204 from last October.
The National Oil Corporation added in a statement that the revenues of November 2019 were over $1,6 billion, noting that previous years’ debts of over $37 million 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.
The National Oil Corporation said it 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.