Libya generated total revenues from oil sales worth US$1.31 billion in April, the country’s National Oil Corporation (NOC) said on Tuesday in its regular update, which showed a 36-percent drop compared to March. Libya’s revenues from sales of crude oil, gas, condensates, and petrochemical by-products stood at US$1.3 billion-plus more than 6.2 million euros, making the total sales worth US$1.307 billion, according to NOC’s statement. In March, Libya had generated as much as US$2.052 billion in revenues from crude oil, gas, condensates, and petrochemical by-products. For April, Libya’s crude oil sales amounted to US$1.247 billion, the largest portion of Libya’s total oil sales, according to NOC’s latest figures. Libya’s crude oil production in April, however, was lower than the average crude output in March because of a force majeure on one of its export terminals. According to OPEC’s secondary sources in its Monthly Oil Market Report (MOMR) for May, […]