Middle East Economic Survey

VOL. LII

No 37

14-Sep-2009

LIBYA

Libya To Spend $10bn On The Development Of 24 Oil Fields

Libya will spend LD12.13bn ($9.8bn) on the development and rehabilitation of 24 oil fields, the countrys official state news agency JANA reported last week. The two biggest fields covered by the decision, which was taken by the General Peoples Committee on 9 September, are North Gialo and Nafoora, both in the Sirte Basin. These will add an estimated 100,000 b/d and 130,000 b/d...