Libya's July oil sales rise 23% from previous month

September 3, 2019

The National Oil Corporation (NOC) said that profits of crude oil sales and its derivatives, in addition to the taxes and royalties collected from concession contracts in July rose by 23% from the preceding month, recording an increase of $ 403 million, to stand at $ 2.1 billion.

The NOC attributed the increase of revenues to the rise in the shipments of crude oil in late June, which was received and reconciled in July's accounts.