Tuesday, April 10, 2012

Both Libya And The U.S. Are Investigating Past Oil Deals With The Gaddafi Family

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Libya, U.S. Probe Oil-Company Deals -- Wall Street Journal

New Government Aims to Shed Light on Petroleum Industry's Interaction With Gadhafi Regime.

Authorities in the U.S. and Libya are investigating oil giants such as Italy's Eni SpA E -3.62% and France's Total SA FP.FR -2.81% over their past relations with the fallen Libyan regime, potentially casting a cloud on the companies' ambitions to expand their foothold in the country with the largest oil reserves in Africa.

Last year, a civil war that toppled Libyan leader Col. Moammar Gadhafi nearly shut down the country's crude production, stressing global oil markets. But as oil-company operations return to normal, the probes may complicate the oil companies' business in the country.

Read more ....

My Comment:
I understand why the Libyans are doing this .... they are looking for the Gaddafi fortune and are prepared to put pressure on the oil companies that provided the Gaddafi's much of their wealth during their rule. As to what are the American motivations .... aside from knowing who was backing Gaddafi during his rule .... I can only guess that are gathering intelligence and information that may link some of their adversaries to the former Gaddafi regime.

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