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Home Oil & Gas

Libyan Oil/Gas Revenues ~$50 Billion in 2012

3rd September 2012
in Oil & Gas
Libyan Oil/Gas Revenues ~$50 Billion in 2012
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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)

Tags: National Oil Corporation (NOC)oil revenues

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