VOL. XXXVI

NO. 25

22-MARCH-1993

LIBYA

Libyan Officials Warn of Drastic Drop in Future Oil Production Capacity

An interesting debate is taking place in Libya these days, following a callmade by Colonel Mu'ammar Qadhafi last November that, as of this year, half ofthe country's approximately $9-10bn in annual oil revenue should be distributeddirectly to the Libyan people (MEES, 23 November 1992). Senior governmentofficials and economic experts are holding lengthy discussions with the Libyanleader -...