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Reuters AS / DEG
The headquarters of the National Oil Corporation in Libya
The National Oil Corporation in Libya has announced that June net revenues for the year 2021 from crude oil and gas sales have reached record levels, driven by strong demand and increased production and prices. .
The company said in its release that it had estimated crude oil revenues of $ 2,069,856,297.84, followed by gas and condensate, which had revenues of $ 66,246,667.01.
While the company had revenues from petrochemicals estimated at $ 2,656,042.10, in addition to $ 3,251,283.50, meaning that the total net oil sales revenue in dollars was 2 138,759,006.95 dollars, and 3,251,283.50 euros, while locally available refined petroleum products were channeled into the local market fully.
The head of the National Oil Corporation, Mustafa Sanalla, reiterated that “oil is the centerpiece of the country’s development process and represents a top priority for the stability of Libya”.
He added, “We will continue to work with the government to ensure regular revenue for the public treasury, and they will spare no effort in our efforts to maintain the infrastructure. We are counting on the support of the Ministry of Petroleum in coordination with the ministry. of Finance and the Ministry of Planning by providing the budgets necessary for the implementation of our ambitious plans. “
Source: RT
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