Middle East Economic Survey


No 10


Libyas Hydrocarbon Revenue Projected At $40Bn In 2010 Budget

Libya is projecting net oil and gas revenue of LD50,687mn ($40,228mn) in 2010 after a deduction of LD2,668mn ($2,117mn), or 5% of the gross figure for public debt, according to budget Law 2 of 1378 (2010), which was published on 3 February after its approval by the General Peoples Congress. The figure for hydrocarbon revenue in 2010 represents an increase of 42.8% of the budget...