Inauguration Essider Terminal - 50 millieme

Inauguration Essider Terminal - 50 millieme

Year
1962
Face Value
50
Mint Value
-
Used Value
-
Print Run
-
Themes
Achievements

Catalogs References

Michel
LY 129
Yvert & Tellier
LY 215
Stanley Gibbons
LY 283

Technical Details

Colors
Multicolor
Perforation
11¾
Printing
Photogravure
Issued in 1962, this stamp commemorates the inauguration of the Es Sider (Sidra) oil terminal and pipeline system, officially opened on 25 November 1962. The project linked Libya's rapidly expanding oil fields to the Mediterranean export terminal at Es Sider, significantly increasing the country's capacity to transport and export crude oil to international markets. The development formed part of the major expansion of Libya's petroleum industry following the discovery of commercially viable oil deposits in the late 1950s.

By issuing this commemorative stamp, the United Kingdom of Libya celebrated a major achievement in national economic development. The issue highlighted the growing importance of the petroleum sector to Libya's prosperity and modernization, recognizing the role of energy infrastructure in supporting industrial growth, increasing export revenues, and transforming the country into one of the leading oil-producing nations of the region.