Does Libya's Oil Industry Reflect its Fate? -- Time Magazine
Just two weeks ago, Libya's oil chief boasted to reporters in Tripoli that the country's huge energy business could ride out the conflict and quickly recover. It would effectively ignore the fact that energy installations were now split between two warring halves of the country. "Integrated and unified," is how Shokri Ghanem, head of the Libyan National Oil Corporation described the energy sector, claiming that he was in close communications with staff at the vast oil fields in rebel-held eastern Libya.
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My Comment: The world needs oil, and Libya wants to sell it. Regardless of who comes to power, Libya will become a major exporter in a very short period of time.
1 comment:
The Chinese are positioned best to benefit from any outcome. Either they will continue with business as usual bi-lateral oil agreements with Gaddafi or the Chinese national oil companies have billions of dollars ready to invest and buy influence with the new government.
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