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Libyan Oil Revenue Could Be Best Since 2013

OIL

Libya could generate its highest oil revenues this year since 2013 according to Chairman of the National Oil Corporation (NOC) Farhat Bengdara.

  • "We expect oil revenues will be from $35 bln to $37 bln," the Chairman said. The figure will be "record-high for the country since 2013," he added.
  • He said Libya had agreed with Eni and BP to begin extracting natural gas from a Mediterranean field believed to be bigger than Egypt’s Zohr.
  • He said Libya’s proven natural gas reserves exceed 80 trillion cubic feet.

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