Libya’s National Oil Corporation said total oil revenues amounted to about $1.9 billion in August, compared to $2.1 billion in July.
This included $1.8 billion in crude oil sales and $53 million in gas and condensate sales, the company said in a statement.
The statement quoted the company’s president, Mustafa Sanalla, as saying: “It is reassuring to see a recovery in prices around the world, and we must take advantage of 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 the civil war in 2011, which damaged the oil sector and reduced production to at least 100,000 barrels per day last year.