Libya Enjoys Windfall From Oil Price Rally

Libya's National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result of the latest oil price rally. "Everyone is happy," NOC's chairman, Mustafa Sanalla, said. "Production rates are wonderful, and the price boom is an important and encouraging sign. We expect a significant reduction in the deficit that the public budget has suffered for the last years, and we are optimistic that financial stability will contribute to creating an investment…