Libya

Revenue Minus Production Cost Of Oil

43.89
percent of GDP
Dec 92Dec 94Dec 96Dec 98Dec 00Dec 02Dec 04Dec 07Dec 09Dec 11Dec 13Dec 15Dec 17Dec 190.00020.0040.0060.0080.00
  • Libya
Source: IMF

Definition of Revenue Minus Production Cost Of Oil

Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.

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