VOL. XXXI
NO. 40
11-JULY-1988
LIBYA
Libya's Downstream Affiliate Tamoil Italia Registers Net Profit of $3.7mnin 1987
Libya's main foreign downstream affiliate Tamoil Italia, in which thestate-owned Libyan Arab Foreign Bank holds a 74.68% equity interest, registereda net profit in 1987 of Italian Lire 4.4bn (or $3.7mn at the 1987 year endexchange rate of 1 US$=1,202.9 Lire) according to the company's Annual Reportwhich has just been released. The other shareholders in Tamoil Italia (whichoperates a...
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