VOL. XLI

No. 16

20-April-1998

LIBYA

Veba's Oil Production Share In Libya Falls To 46,000 B/D In 1997

Veba Oil of Germany's share of production in Libya averaged 2.3mn tons (46,000 b/d) in1997, compared to 2.5mn tons (50,000 b/d) in 1996 and 2.6mn tons in 1995 (52,000 b/d),according to the Veba Annual Report 1997. This indicates that the total productionfrom Veba Oil Libya, a joint venture between Libya's National Oil Corporation (51%) andVeba Oil (49%), averaged 94,000 b/d in 1997, as against...