No Result
View All Result
Sunday, July 13, 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

Sirte Oil completes drilling of horizontal well in Zilten field producing 1,985 bpd using local cadres

Libyan Fertiliser Company’s urea plant achieves a 95 percent production rate

“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

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

July 11, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba seeking long term partnership not interim solutions on combatting irregular migration

July 10, 2025
Acting Interior Minister Trabelsi taking steps to counter forged ID numbers and passports
Libya

There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

July 10, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba: Militias have become criminal gangs and a state within the state

July 9, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Libyan Russian Economic Forum starts in St. Petersburg
Libya

Libyan Russian Economic Forum starts in St. Petersburg

June 27, 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

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Aldabaiba opens First Phase of Tripoli’s Third Ring Road

    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

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

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.