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National Oil Corporation announces January 2021 revenues
The National Oil Corporation (NOC) announces that January 2021 general revenue from sales of crude oil, gas, condensate, petroleum products and petrochemicals reached to record levels, reaching a level of 1,409,093,619.13 U.S. dollars deposited in the NOC account in the Libyan Foreign Bank in line with the current arrangements.
In this regard, the Chairman Of the Board of Directors, Eng.Mustafa Sanalla, commented:
‘The NOC, its companies and its workers in various areas of operations have struggled over the past months to achieve this income by increasing production rates at record times.’
However, the NOC cautioned that it did not receive the allocation of hydrocarbons for January and February 2021 respectively, and it continues to finance the operation of vital facilities for the country with special arrangements with banks, and reserves the full right to hold accountable official authorities that have violated their obligations and obligations.
The Attorney General’s Office will be briefed on the full background to determine the motives behind heading to the collapse of vital facilities in the country, and to bypass the law in these emergency circumstances as these irresponsible actions may constitute criminal offences because of damage to the stability of vital facilities and national security ( power plants, desalination plants, strategic factories, fuel stations) and in light of the outbreak of the Corona pandemic in various regions of Libya.
“Despite the confusion and bureaucracy of some decision-making circles in the state in order to liquefy the necessary and urgent budgets that are still pending, the NOC is dealing with the challenges out of its sense of national responsibility towards the citizen,” said Mustafa Sanalla.
Other Official agencies urge be responsible and that exercise the wise measures be implemented in the service of the nation and prevent the collapse of vital facilities in the light of the Corona pandemic.
The NOC continues to announce the oil revenues with full transparently, in line with its principles of disclosure and transparency, which it has been pursuing it since January 2018 and has continues doing it to this day.
God Bless Libya
National Oil Corporation
February 25, 2021
Tripoli