The National Oil Corporation (NOC) announced Thursday that the general revenue for the month of March 2021 resulted from the sales of crude oil, gas, condensate, petroleum products and petrochemicals has reached record levels of US$ 2,052,178,786.17.
In a statement, the NOC said the increase is attributed to the fact that the revenues of February reflect 28 days in the calendar, while the collection of the value of the exported shipments takes place within thirty days, which gave an increase in the revenues of March compared to the achieved revenue in February.
The NOC pointed out that an amount of US$ 2,000,000,000.00 was transferred to the sovereign’s account of which US$ 1,498,632,437,86 were from the revenues of the month of March, according to the instructions of the Prime Minister of the Government of National Unity.
It is worth mentioning that the National Oil Corporation has transferred US$ 5,883,719,900.87 to the treasury account at the Central Bank of Libya, and the remainder of the public treasury rights to date is about US$ 1,074,911,840.00, while the value of US$ 79,264,419.94 constitutes the rights of NOC, and the amount subject to settlements with partners is US$ 2,334,149,253.86.
