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Libyan oil revenue dips to $2.4 billion

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Staff Writer | December 28, 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.
Libyan oil
Africa   November revenue was the third highest monthly figure in 2018
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.


 

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