Libya’s National Oil Corporation (NOC) said its total oil revenues reached around $2.1 billion in July.
The amount included about $2 billion from crude oil sales and $81 million from the sale of gas and condensates, the government owned corporation said in a statement.
Oil products net revenues amounted to $3.4 million in July and petrochemicals revenues reached $2.8 million, the statement added.
“Sales … reached record levels, driven by strong demand and an increase in production and international prices,” it said.
Earlier this month, a pipeline leak reduced oil output in Libya by 60,000-70,000 barrels per day (bpd), the Oil Corporation said.
The North African country aims to reach a production level of 1.5 million bpd by the end of 2021.
Libya was producing 1.6 million bpd before a civil war erupted in 2011, battering its oil industry and slashing output to as little as 100,000 bpd last year.
Photo: EPA/MOHAMED MESSARA