Libya’s NOC Projected to Generate $54.9 Billion in 2012

Libya’s National Oil Corporation (NOC) from its website stated that it expects to generate $54.9 billion in revenue from oil and natural gas this year. Revenue would be derived from exports and taxes on oil companies operating in Libya.

The NOC was founded on November 12, 1970 when it replaced the Libyan Petroleum Corporation.

Libya is looking to attract international investment to further develop their oil & gas industry.



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