VOL. XL

No. 25

23-June-1997

LIBYA

Veba's Oil Production Share In Libya Stands At 50,000 B/D In 1996

The share of Germany's Veba Oil from production in Libya averaged 2.5mntons (50,000 b/d) in 1996, compared to 2.6mn tons (52,000 b/d) in 1995 and 2.4mn tons(48,000 b/d) in 1994, according to the Veba Annual Report 1996. This indicates thatthe total production from Veba Oil Libya, a joint venture between Libya's National OilCorporation (51%) and Veba Oil (49%), averaged 102,000 b/d in 1996,...