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Libya's oil revenues break record at USD24.4b
(MENAFN) Libya hit a new record high in its oil revenues by the end of last year to reach USD24.4 billion, the highest it ever seen in five years.
Libya's National Oil Corporation (NOC) issued a statement, showing a 78 percent jump in the oil revenues of the country in the past year compared to 2017.
According to the NOC statement, Libya's average daily oil output in 2018 stood at 1.107 million barrels per day.
NOC president Mustafa Sanalla announced that the company "achieved its highest levels of production and revenues since 2013."
Sanalla further added that "NOC has managed to retain its independence and evade all national political differences, as well as frequent attempts to harm the company."
Libya's National Oil Corporation (NOC) issued a statement, showing a 78 percent jump in the oil revenues of the country in the past year compared to 2017.
According to the NOC statement, Libya's average daily oil output in 2018 stood at 1.107 million barrels per day.
NOC president Mustafa Sanalla announced that the company "achieved its highest levels of production and revenues since 2013."
Sanalla further added that "NOC has managed to retain its independence and evade all national political differences, as well as frequent attempts to harm the company."
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