Browsing: Business

The Libyan House of Representatives has issued a resolution to form a committee to set up a mechanism for distributing oil revenues according to geographical distribution, population, and oil and gas production and export areas.

Libya has agreed with Eni and BP to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt’s huge Zohr field, the head of the National Oil Company (NOC) told Skynews Arabia on Monday.