Libyan National Oil Corporation says total oil sales of $1.9 billion in August

Libyan National Oil Corporation says total oil sales of $1.9 billion in August
Libyan National Oil Corporation says total oil sales of $1.9 billion in August

© Reuters. The headquarters of the Libyan Oil Corporation in Tripoli – Photo from Reuters archive.

CAIRO (Reuters) – Libya’s National Oil Corporation said total oil revenues amounted to about $1.9 billion in August, down from $2.1 billion in July.

This included $1.8 billion in sales and $53 million in gas and condensate, the government-owned company said in a statement.

It added that the net revenues of petroleum products amounted to 53.3 million dollars in August, while revenues of petrochemicals (SE:) amounted to 3.1 million dollars.

The statement quoted Mustafa Sanalla, the company’s president, as saying, “It is reassuring to see a recovery in prices around the world, and we must seize this opportunity to rebuild the oil sector.”

The country aims to reach a production level of 1.5 million barrels per day by the end of 2021.

Libya was producing 1.6 million barrels per day before a civil war broke out in 2011, which damaged the oil sector and reduced production to at least 100,000 barrels per day last year.

(Prepared by Mahmoud Salama for the Arab Newsletter)

Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Libyan National Oil Corporation total oil sales billion August

For Latest Updates Follow us on Google News

PREV Moscow is angry.. it intercepted an American destroyer that violated its waters – Al Arabiya
NEXT Millions of “Android”, “Windows” and “iPhone” users may lose access to the Internet