The National Oil Corporation reported that the total oil revenues for September of this year amounted to $ 116.9 million, registering a significant decline compared to the revenues for September of last year 2019, which amounted to $ 1.7 billion, as crude oil sales recorded $ 83.9 million.

It is noteworthy that the revenues for the month of September reflect sales of the month of August, in which the ports were suffering from forced closures. Whereas oil revenues recorded a slight increase during the month of October 2020, after the status of Force Majeure was lifted at the ports of Al-Hrega and Brega.

In which exports began from Thursday, September 24, and then at intervals to the rest of the oil fields and ports, during which the stored quantities were loaded, which explains record revenues during October (slightly exceeded that of September 2020, by about $ 113.3 million).

October’s revenue was 230.2 million US dollars, compared to 2 billion US dollars in October 2019, as the established crude oil sales recorded 179.9 million US dollars, 42.1 million US dollars from gas and condensate sales, and 8.1 million US dollars from product sales.