The oil sector and the choice of accounting system in Libya are very important factors that have the potential to affect Libya's economic development. Revenue from the oil sector forms the bedrock of Libya's economy and the accounting system used to report the performance of the oil sector...

This paper (1) briefly describes the contractual agreements between Libya and the oil and gas companies operating within the country from 1961 to 1996; (2) presents a detailed analysis of the factors which affect state revenue from crude oil production; and (3) presents an analysis of Libya's...

Purpose – The paper aims to investigate disclosure practices in the annual reports of Libyan banks in the run‐up to the opening of the nation's first stock exchange. Banks dominate this embryonic market but very little research has examined the extent (or determinants) of transparency...