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Africa: North
20 Million Dollars Investment in Oil
2004-07-16
20 million dollars investment in oil, electricity & water sectors Libyan sources estimate expected investment in oil sector 6 milliar dollar, in electricity sector 6 Milliars also and 8 Milliars in water sector and development in transport, distribution and treatment. Libyan economists put this plan which will be 2005 for which huge investments up to 35 milliar dollars were considered in foreign investment in the fields of oil, industry, tourism, modern services and electric power. Libya plans to double individual income during next 20 years which require investment in various fields not less than 50 milliars of which 60% to be saved by the state and the remaining percentage will be financed from general companies and private sector.
Posted by:Mark Espinola

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