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NOC declaration of its revenues achieved during April 2021
NOC declares that its net revenues in April 2021, obtained from the sales of crude oil, gas, condensates and petrochemical by-products have reached record levels, as the crude oil sales amounted to 1,246,925,644.12 U.S. dollars, followed by the gas and condensates sales which amounted to 53,973,431.64 U.S. dollars, while the petrochemical by-products sales revenues amounted to 2,616,168.58 U.S. dollars and 6,221,424.18 Euros, i.e. the total revenues from oil sales is 1,303,515,244.34 U.S. dollars and 6,221,424.18 Euros.
In this regard, NOC chairman Mr. Mustafa Sanalla, stated that NOC is looking forward to operating the polyethylene plant during the coming weeks, which adds a substantial value to our national economy, as this operation will contribute in providing raw materials for the transformation industries which are currently being imported from overseas markets, and this will increase the revenues from polyethylene sales which are priced at international prices.
It should be noticed that the crude oil deliveries to the Ubari Power Station are charged to the General Company of Electricity, which were estimated during April by 19,898,933.18 U.S. dollars.
Mellitah Co. has also been supplied with crude oil for electricity generation purposes, which value amounted to 1,276,933.50 U.S. dollars to be settled later.
NOC continues to declare its oil revenues in line with its principles of transparency and declaration which was consistently pursued since January 2018 until now.
1 June 2021
Tripoli