VOL. XXXIV

NO. 50

16-SEPTEMBER-1991

Libya

Tamoil 1990 Annual Report

Tamoil Italia, the Libyan-owned downstream oil refining and distributioncompany, registered a net profit of Lire 41.217bn ($36.5mn) for 1990, asubstantial increase over 1989's net profit of Lire 5.025bn ($4.0mn)*, accordingto the company's 1990 Annual Report. Tamoil, which is Libya's main foreigndownstream affiliate, is owned by Oilinvest (Netherlands) B.V. (89.48%) andScotti Financziaria S.p.A. (Sasea Group, 10.52%). Oilinvest is...