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Libya Petroleum Oil Industry Exploration stamp on cover FDC 1968

Libya Petroleum Oil Industry Exploration stamp on cover FDC 1968

$ 7.91

Availability: 17 in stock
  • Return shipping will be paid by: Buyer
  • Restocking Fee: No
  • Certification: Genuine
  • Item must be returned within: 14 Days
  • Topic: Oil
  • Quality: Used
  • Refund will be given as: Money Back
  • Grade: VF/XF (Very Fine/Extremely Fine)
  • All returns accepted: Returns Accepted

    Description

    Good stamp on cover.
    The
    Libyan
    economy depends primarily upon revenues from the oil sector, which account for over half of GDP and 97% of exports. Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude. During 2010, when oil averaged at a barrel, oil production accounted for 54% of GDP. Apart from petroleum, the other natural resources are natural gas and gypsum.