LIBYA

NOC Releases Oil Revenue Figures 

Libya’s National Oil Company (NOC) on 4 September released revenue figures for January-July 2012  as well as projections for the full year “in keeping with the new spirit of transparency and openness”. NOC says it anticipates state revenue of $54.9bn from production taxes and exports of oil, gas and petroleum products during 2012. This is based on average production of 1.35mn b/d and a $100/B oil...