Today, the Chairman of the
National Oil Corporation Farhat Bengdara, signed a memorandum of
understanding with the Norwegian company Equinor . This memorandum aims
to study and evaluate the oil and gas potential in the Libyan maritime
region. The signing took place at the Presidential Office in the
capital, Tripoli, and also includes plans to train young national
personnel in the oil and gas sector
Libyan Crude
Exports Rise Sharply
By Ahmad Ghaddar September 16, 2024
Libyan crude
exports reached about 550,000 barrels per day last week, a three-fold increase
on the previous week, according to data from analytics firm Kpler and a
shipping agent. Tankers
carrying crude including Flavin, Pacific Pearl, Ghibli, and Delta Atlantica set
sail to European destinations from various Libyan ports in the week starting
Sept. 9, the data show.
Libya's oil revenues hit $5 billion in 2Q 2023Libya's
net revenues from crude oil, gas, and petrochemical oil sales surpassed
$5 billion in the second quarter of 2023, a National Oil Corporation
bulletin said on Sunday. The NOC noted that net revenues for April, May, and June totaled 5,460,000, with crude oil sales accounting for over $4,681,566. Moreover,
oil products generated $196,50,278 in revenue during the same period,
followed by gas and condensate at $121,905,795 and petrochemical at
$1,931,11. The
total revenues for the second quarter of this year were distributed as
follows: $1,686,000,000 in April, $1,661,000,000 in May, and
$1,653,000,000 in June. In
May, the National Oil Corporation disclosed that crude oil revenues in
the Corporation's accounts at the Libyan Foreign Bank amounted to $1.57
billion during the month. |