TRIPOLI – The Tripoli-based National Oil Corporation (NOC) recorded May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 448 million USD (+24%).
In a statement released today, NOC said “revenue figures were bolstered by sustained global oil prices, in addition to a busy crude loading schedule at the end of April resulting in cargo receipts both arriving and clearing in May’s revenue statement.”
