Libya’s oil revenues for February reach US$ 1.24 bn: NOCBy Sami Zaptia. London, 15 March 2021:Libya’s state National Oil Corporation (NOC) announced yesterday that the country’s oil revenues for February were US$ 1,235,710,353.98. The NOC reported that the revenues were deposited into its Libyan Foreign Bank (LFB) in line with the temporary arrangements in force (the Maetig-Hafter Agreement) that, the NOC said, ended with the formation of the Government of National Unity, which won parliamentary confidence recently. In a related context, Sanalla said, “The National Oil Corporation is looking forward to working with the Ministry of Oil and Gas and expanding the capabilities of the Libyan oil resources. The NOC announced that “the cumulative total of oil revenues withheld (in its LFB account) since the lifting of the status of force majeure until the date of March 10, 2021, amounted to US$ 7,767,439,801.73 including the rights of partners and the rights of NOC but do not include royalties and taxes.”

Source: Libya Today March 15, 2021 10:07 UTC