Alarab Online | 21 November 2007
Libya plans to invest in the production of Wheat in Ukraine on a surface of 100.000 hectares, in order to provide for the totality of its requirements.
This project aims at ensuring to Libya wheat self-sufficiency.
This agricultural project was on the top of the talks held in Kiev between Seif Al-Islam Gaddafi, the son of the Libyan Leader Mouammar Gaddafi, and the Ukrainian Prime Minister.
During the official visit to Kiev, Seif Al-Islam also examined with Ukrainian officials in charge the possibility of an agreement to supply Kiev with Libyan oil.
Libya, where agriculture is severely inadequate due to the scarcity of fertile ground and the lack of precipitations, imports the totality of its requirements of wheat, each year, from the United States, Europe and Australia (more than one million tons are imported each year).
The country on the other hand has enormous crude oil reserves which account for approximately 97% of the total export earnings, 75% of the income of the government and 54% of the GDP.
Original URL
Libya plans to invest in the production of Wheat in Ukraine on a surface of 100.000 hectares, in order to provide for the totality of its requirements.
This project aims at ensuring to Libya wheat self-sufficiency.
This agricultural project was on the top of the talks held in Kiev between Seif Al-Islam Gaddafi, the son of the Libyan Leader Mouammar Gaddafi, and the Ukrainian Prime Minister.
During the official visit to Kiev, Seif Al-Islam also examined with Ukrainian officials in charge the possibility of an agreement to supply Kiev with Libyan oil.
Libya, where agriculture is severely inadequate due to the scarcity of fertile ground and the lack of precipitations, imports the totality of its requirements of wheat, each year, from the United States, Europe and Australia (more than one million tons are imported each year).
The country on the other hand has enormous crude oil reserves which account for approximately 97% of the total export earnings, 75% of the income of the government and 54% of the GDP.
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