RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Libyan oil revenue dips to $2.4 billion

Share on Twitter Share on LinkedIn
Staff Writer | December 28, 2018
Libyan oil
Africa   November revenue was the third highest monthly figure in 2018

Libya's oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said.

Although lower than the previous month, November revenue was the third highest monthly figure in 2018, NOC said.

Despite recurrent security problems that have affected output from Libyan oilfields, NOC's revenue has been boosted this year by higher oil prices and production.

Libya currently produces about 1.15 million barrels per day of oil.


What to read next
POST Online Media Contact