The National Oil Corporation (NOC) reported on Monday that November 2019 revenues reached approximately 1.8 billion USD, a decrease of around 410 million USD (19%) on October 2019 revenues and a decrease of 613 million USD (25%) compared with November 2018. "This takes total revenues in 2019 until the end of November 2019 to more than 20.3 billion USD." It added that the revenues come from sales of natural gas, crude oil and assorted derivative products, in addition to taxes and royalties received from concession contracts. "The decrease in November 2019 revenues compared to last year was mainly due to a drop in the oil price. The difference in revenues between October and November this year was principally because revenues from some October shipments were collected early.

Source: Libya Observer January 07, 2020 18:33 UTC