Energy and oilUpdated November 5

NOC reports $3.12 billion in oil revenue collected and transferred

The NOC says $3,121,042,998.72 in oil revenues was collected and transferred to the sovereign account at the Libyan Foreign Bank during October. That compares with about $2.863 billion in September. The higher October collection did not all come from October shipments: Al-Wasat notes that some proceeds from September exports were collected during October.

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Coverage started November 5