Libya's National Oil Corporation (NOC) announced on Sunday that the country has oil and gas revenue totalling $54.9 billion.
According to the report from Tripoli Post, the revenues are calculated based on an average daily oil production of 1.350 million bpd, at a price of $100 per barrel, although our quick calculation at LBN shows this to correspond to about $49.3 billion.
(Sources: Tripoli Post, Bloomberg)
