Industry Forecast Scenario

February 2009
Libya Oil & Gas Report;Q1 2009, p39
Industry Profile
The article reports on the scenario of oil and gas industries in Libya as of the first quarter of 2009. It notes that 80% of oil reserves in Libya are located in the Sirte Basin, which is responsible for 90% of the oil output as well as the supply and demand of oil and gas in the country. It states that the increase in refining capacity is subject to movement in investment, thus, reducing products export potential. Moreover, the level of oil prices in Libya has an impact on its revenues.


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