Libya's Tamoil Sees Profits Improve For 1992
Tamoil Italia SpA, the Libyan-owned downstream oil refining and distributioncompany, reported a net profit of Lire 2.742bn ($2.2mn) for 1992, an increase of18% over a 1991 profit of Lire 2.323bn ($1.9mn), according to the company's 1992Annual Report. Net profits in 1990 were Lire 41.217bn ($36.5mn). The AnnualReport said profits were "achieved in a year which saw the entire Europeanoil sector severely affected by...
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