Middle East Economic Survey
VOL. LII
No 37
14-Sep-2009
LIBYA
Libya To Spend $10bn On The Development Of 24 Oil Fields
Libya will spend LD12.13bn ($9.8bn) on the development and rehabilitation of 24 oil fields, the countrys official state news agency JANA reported last week. The two biggest fields covered by the decision, which was taken by the General Peoples Committee on 9 September, are North Gialo and Nafoora, both in the Sirte Basin. These will add an estimated 100,000 b/d and 130,000 b/d...
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