Libya’s oil revenue for November 2020 exceeded $700 million

The National Oil Corporation announced that revenues from exports of crude oil, gas, condensates, oil products and petrochemicals for the month of November of 2020 have exceeded $700 million.

The NOC said, in a statement Saturday, that revenues recorded an increase of 204% from last October, and pointed out that the revenues of November of last year amounted to more than 1.6 billion dollars.

The NOC pointed to the collection of debts for previous years from the Oil Investment Holding Company, amounting to more than 37.5 million dollars.

It explained that all the revenues in the accounts of the National Oil Corporation are lodged with the Libyan Foreign Bank.


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