No Result
View All Result
Monday, August 4, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Rising oil prices increase Libya’s April oil revenues by 22 percent

bySami Zaptia
May 20, 2019
Reading Time: 2 mins read
A A
Rising oil prices increase Libya’s April oil revenues by 22 percent

(Photo: NOC).

By Sami Zaptia.

(Photo: NOC).

London, 20 May 2019:

Libya’s National Oil Corporation (NOC) recorded an April oil income of US$ 1.87 billion which is a monthly increase of approximately US$ 340 million USD or +22 percent.

The NOC said that the revenue figures were bolstered by a rise in global crude oil prices, in addition to a busy crude loading schedule at the end of March, resulting in cargo receipts both arriving and clearing in April’s revenue statement.

Commenting on the current operational challenges, the NOC chairman, Mustafa Sanalla, said that the “NOC’s five-year strategy and focus remain on increasing production and national oil revenues. The corporation has mitigated many conflict-related risks and maintained production through the implementation of a robust operational and crisis response plan’’.

RELATED POSTS

NOC launches phase three of its one million tree-planting initiative by end 2026

NOC signs four memorandums of understanding with Algeria’s Sonatrach‎

“The situation, however, remains extremely volatile. Protracted conflict (in and around Tripoli) will undoubtedly disrupt national operations, either directly, or via a security vacuum that extremists take advantage of – as demonstrated by the (Saturday) Zellah terrorist attack. The corporation is already experiencing logistical difficulties regarding supplies and our ability to rotate shift workers. NOC reaffirms its call for an immediate cessation of hostilities and condemns all attempts to militarise national energy infrastructure,” added the chairman.

Furthermore, the NOC said that it rejects all attempts to portray the corporation as a party to the conflict. Attempts at disinformation to justify the illegal export of oil will be met with the strongest legal response. All national oil revenue is transferred to the Libyan Central Bank and transparently disclosed on a monthly basis. The NOC said that it is proud of its internationally-recognised adoption of transparency standards that serve as a benchmark for all Libyan institutions.

Tags: featuredNOC chairman Mustafa SanallaNOC National Oil Corporation

Related Posts

Visiting Jordanian specialists perform 18 infertility and delayed childbearing operations in Zintan Hospital
Libya

Tripoli Health Ministry prohibits acceptance of gifts or donations without prior written permission as part of transparency drive

August 1, 2025
Interior Ministry’s Diplomatic Missions Protection personnel receiving training in Ukraine
Libya

Regulating migrant workers and promoting voluntary deportation programmes for illegal immigrants ‎discussed by Labour and Interior Ministers

July 31, 2025
Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt
Libya

Tripoli Defence Ministry warns of unspecified precision air strikes against human smugglers and drug traffickers

July 30, 2025
Libyan Ports fees increased by 235 percent to reflect dinar devaluation
Business

Khoms port discusses development with Turkish company Orbitel

July 30, 2025
Seven open heart surgeries at Zliten Medical Centre conducted in collaboration with American Global Cardiac Alliance
Libya

Seven open heart surgeries at Zliten Medical Centre conducted in collaboration with American Global Cardiac Alliance

July 29, 2025
NOC announces force majeure at Zawia port
Libya

NOC launches phase three of its one million tree-planting initiative by end 2026

July 29, 2025
Next Post
Reporters Without Borders ask Haftar to shed light on fate of two missing Libya Al-Ahrar journalists

Reporters Without Borders ask Haftar to shed light on fate of two missing Libya Al-Ahrar journalists

Security vacuum and lawlessness threaten NOC operations

ADVERTISEMENT

Top Stories

  • Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt

    Tripoli Defence Ministry warns of unspecified precision air strikes against human smugglers and drug traffickers

    0 shares
    Share 0 Tweet 0
  • Khoms port discusses development with Turkish company Orbitel

    0 shares
    Share 0 Tweet 0
  • CBL grants licenses to 52 new FX bureaux – bringing total to 187

    0 shares
    Share 0 Tweet 0
  • Tripoli Health Ministry discusses with India enhancing health cooperation through training and activating existing agreements

    0 shares
    Share 0 Tweet 0
  • Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.