Oil revenues from concession contracts during April reach 1.7 billion dinars

The General Administration of Corporate Accounting at the Ministry of Oil and Gas reported that oil revenues during April 2024 amounted to more than 1.74 billion dinars.

The Administration explained in its monthly bulletin that oil revenues are collected from concession and partnership contract companies (ConocoPhillips – Total Energy), which include royalties and taxes on the quantities produced and exported of crude oil.

Last December, Al Waha Company announced the start of drilling operations for an exploratory well (T1-31) in partnership with Total Energies and Knokofiplus in Concession Area 31.


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