VOL. XXXIII

NO. 43

30-JULY-1990

Libya

Tamoil 1989 Annual Report

Tamoil Italia, the Libyan-owned downstream oil refining and distributioncompany, registered a net profit of Lire 5.025bn (or $3.95mn) for 1989, downslightly from the 1988 figure of Lire 5.275bn ($4.15mn at the 1989 year-end exchange rate of US$1.00=Lire 1,270.5) according to the company's 1989 AnnualReport. Tamoil, which is Libya's main foreign downstream affiliate, is owned byOilinvest (Netherlands) B.V. (89.48%), Scotti Finanziaria...