The National Oil Corporation (NOC) announced on Tuesday that it had received LYD 1.35 billion on its account at the Central Bank of Libya (CBL).

The NOC said it had given 350 million dinars to Sirte and Arab Gulf companies, while the one billion dinars would be distributed to the rest of the oil companies under the NOC.

The NOC hoped the rest of its budget would be soon sent to its bank account to be able to implement its production plans.