CONTENTS

INTRODUCTION                                                                    6

POLITICAL SYSTEM                                                              8

POLITICAL REFORM                                                             8

INTERNATIONAL RELATIONS                                            9

STRUCTURAL PROBLEMS                                                12

ECONOMIC REFORMS                                                       13

INTERNATIONAL TRADE                                                    14

BANKING                                                                                15

ADMINISTRATIVE REFORMS                                             17

AGENTS                                                                                  17

OIL AND GAS                                                                         18

1. Background                                                                       18

2. Libyan Petroleum Law                                                     19

3. Government control of energy                                        19

4. National Oil Corporation                                                 20

5. Reserves and Geology                                                    21

6. Refining                                                                              21

7. Natural Gas                                                                       22

8. Recent Developments                                                    23

ELECTRICITY                                                                        27

INDUSTRY                                                                             28

THE GREAT MAN MADE RIVER PROJECT                     30

TELECOMMUNICATIONS                                                   32

TRANSPORT                                                                         35

1. Roads                                                                                35

2. Shipping                                                                            35

3. Rail                                                                                     36

4. Aviation                                                                              37

TOURISM AND CONSTRUCTION                                    38

AGRICULTURE AND FOOD                                              42

ANNEXES                                                                              43

1. Key Statistics                                                                    43

2. List of products affected by law on agents                 44

3. Useful Websites                                                              45

4. Pattern of Foreign Trade                                                45

5. Tariffs: Import Regulations: Documentation              47

6. Movement of Goods: Some useful contacts              50

7. Sales promotion                                                              51

8. Agency or Rep Office?                                                    52

9. Cultural and General                                                      53

10. Transport and Shipping Lines                                   55

11. Practical Information                                                    56