35 percent reduction in Libyan petroleum income

Mohammed Beit al-Mal, the secretary of the public general committee for Libyan finance, stated yesterday that income from Libyan petroleum has fallen during last year by 35%, as the price petroleum barrel has usually varied between $12 and $18 per barrel for Libyan petroleum.

The price of the petroleum barrel reduced since December 1997 has fallen to reach $9.33 per barrel.