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            Energy week commences in Libya    

 
2004-09-15/ Libya energy week kicked off 14 September at Tripoli international fair ground.
The four day week aims to show the available investment opportunities in oil sector. Libya energy week is the premier trade event to take place in Libya.

It is organized by the National Oil Corporation (NOC), Great Man-Made River Authority, and the Libya Mining Company.

The event will encompass a broad section of energy industry including oil and gas, power and electricity, and water and environment.

Leading international companies will take part in this week including Shell International, Repsol Ypf, Norsk Hydro, Siemens, Woodside, Man Ferrostal, Weatherford, and Areva.

Libya is rich in natural and mineral resources. Its comparatively high GDP pre capita stands at approximately $ 7500 per year and is the highest in Africa.

GDP stood at $ 55.1 billion in 2000, and growth is expected to reach 5.6% in 2004. Inflation is expected to reach 2.8% in 2004.
 

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