The National Oil Corporation (NOC) reported crude oil, gas (propane and butane) and condensates export revenues of US$45,552,578.87 million for June, the lowest recorded this year. No revenues were earned from oil products sales for the sixth month in a row.
Falling production led to this large drop in revenues as refineries, oilfields and ports were shut down as a result of the illegal blockade. The revenues of gas (propane and butane) and condensates sales also suffered a sharp decline in June. Average monthly revenue fell to US$ 8,997,305.35 million, the lowest this year.
“The Libyan state continues to suffer heavy losses in its daily oil and gas production for the sixth month in a row,” said NOC Chairman Mustafa Sanalla.
Sanalla also urged all Libyan parties to do everything possible to restart oil production as soon as possible to avoid further damage.
