Tripoli - 15/12/2017

Main page

Founder

Services

Our Clientele

How We Work

What It Costs

Contact us

Political News

Libya Business News

Libya Business Events

Libya Tenders

Libya Announcement

Setting up a branch office in Libya

Activities Allowed for Foreign company's Branches

Investment Opportunity

Areas of Investment

Investment Legislation

Law No 5

Required Business Documents

Free Zones

Libyan Ports

Libyan banks

Hospitals

Clinics

Pharmacies

Insurance companies

Al Madina Al Hurra

Foreign embassies in Libya

Application forms

Business Resources

Currency update
EUR
1.75 LYD
Currency
GBP
£
1.988 LYD
Currency
USD
$
1.33 LYD
Currency
YEN
¥
1.512 LYD
Currency
CHF
1.380 LYD
Currency

Business event calendar

December

01
03
04
04
05
07
09
10
10
10
10
10
12
12
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

 

Energy

Introduction

Libya started its oil exploration in 1955 and the principle legislation, Petroleum Law No. 25, was enacted in April 1955. The first oil fields were discovered in 1959 at Amal and Zilten, together known as Nasser, and oil exports began in 1961. Libya became a member of OPEC in 1962. At the beginning of 1999, Libya's OPEC production quota was 1,227 mmbpd.

Now Libya is Africa's major oil producer and one of Europe's biggest North African oil suppliers. Supplies from North Africa to Europe destinations have the advantage of being timely and cost effective.

Libya's economy is based on oil and its exports makes up between 75% and 90% of state revenues. Libya has proven reserves of 29.5 billion barrels of oil and a production capacity of 1.4 million barrels per day. Libya exports almost 90% of its production to European countries.

Libyan oil is mostly sold on term basis, including to the country's Oilinvest marketing network in Europe, to companies such as Agip, OMV, Repsol YFP, Tupras, CEPSA, and Total. Small volumes are sold to Asian and South African companies. Libyan oil is priced off of Dated Brent.

 

Advertise here

Image

Image

Image

Image

Image

Image

Image

Image

Image

Image



Pleasant returning to a great omega replica sale Observe authentic collection, in which we all replica watches sale go over crucial retailers cartier replica sale in which promote timepieces around the globe. Each and every retailer we all rolex replica uk report posseses an intriguing account to share with concerning in which they will function and also which they will promote hublot replica uk to be able to. Whether or not acquire timepieces coming from offline suppliers or perhaps choose to acquire timepieces panerai replica sale on the web, they're the particular panerai replica sale retailers in which aid condition our own observe tradition rolex replica uk around the world.