Jaco Limited

Oil Sector

Since the embargo has been lifted, Libya plans to increase its daily oil production from the current 1.3million barrels to 3.0 million barrels over the next decade. Being the only country besides Saudi Arabia that has the natural resources for a substantial increase in its daily oil production and given the international crisis in the sector, many companies are willing to take part in what's estimated to be a $30 billion investment (source: Financial Times Mar 31st 2004) towards this direction.

RECENT NEWS
	Libya's deal with France
	Libya, Malta discuss tourism
	US Congress lifts loan ban
	Canadian PM to visit Libya
	GMMR to flow in 25 years
	Germany- Libya ties
	Libya's new face
	Libya: Pariah to Paradise

	Libyan oil production is set to double over the next decade
	Libya is possibly the country to exhibit the largest tourism growth

	The Construction industry in Libya is booming
	The environmental sector is an important priority for Libya

	Information Technology is considered the pathway to prosperity
	Libya is investing heavily in both fixed and mobile telephony

	Commerce opportunity is increasing with the standard of living
	The Energy sector will need to keep up with the explosive growth