• 1 hour Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 7 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 8 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 3 days Texas Shutters More Coal-Fired Plants
  • 3 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 3 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 3 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 4 days Husky Energy Set To Restart Pipeline
  • 4 days Russia, Morocco Sign String Of Energy And Military Deals
  • 4 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 4 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 4 days India Needs Help To Boost Oil Production
  • 4 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 4 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 4 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 4 days District Judge Rules Dakota Access Can Continue Operating
  • 5 days Surprise Oil Inventory Build Shocks Markets
  • 5 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 5 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 5 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 5 days Oil M&A Deals Set To Rise
  • 5 days South Sudan Tightens Oil Industry Security
  • 6 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 6 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 6 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 6 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 6 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 6 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 6 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 6 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 7 days Kurdish Independence Could Spark Civil War
  • 7 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 7 days The Capital Of Coal Is Looking For Other Options
  • 7 days China’s Sinopec Puts $1B Argentina Oil Assets Up For Sale
Alt Text

Libyan Oil May Be Slipping Out Of Putin’s Reach

Last Friday, the Benghazi Defense…

Alt Text

Who Gets Control Of Libya’s Oil As The Guns Go Silent?

The Libyan National Oil Corporation…

China Ready to Assist Libya’s Reconstruction

China’s Vice Foreign Minister Cui Tiankai said that his country stands ready to assist Libya in its reconstruction following the downfall of Colonel Muammar Gaddafi’s regime, adding that Beijing supports the United Nations reconstruction efforts.

Cui said, "It depends on the needs of the Libyan people themselves, whatever they need we will be willing to help them." Cui made his observations to reporters attending the Pacific Islands Forum in Auckland, New Zealand.

When queried as to the possible effort that the United Nations might have in reconstructing the country he replied, “We will support the United Nations to play a leading role” before adding that any mission would first need approval from the UN Security Council, Channel NewsAsia news agency reported.

China for many years helped the Gaddafi regime, and has invested billions in various projects in the North African nation.

Cui had no comment on recent media reports that after the Libyan insurrection began, China offered to assist Gaddafi’s regime by supplying weapons, in direct contravention of a UN arms embargo. According to the reports, the Gaddafi administration could avail itself of large stocks of Chinese-supplied weaponry from neighboring Algeria, which China would then replenish.

By. Charles Kennedy, Deputy Editor OilPrice.com




Back to homepage


Leave a comment
  • Anonymous on September 16 2011 said:
    America is responsible for the damage so America should pay for the reconstruction and not the Libyan people. There should be no Rothschild central bank with usury imposed on the people either and all the oil money should go to the Libyan people. The country was debt free and it should stay that way and the oil should stay nationalized so that no oil company can profit from it. The robber barons central banking cartel needs to stay out.
  • Anonymous on September 17 2011 said:
    I dont understand what you are saying, Mike. Unfortunately, when the ignorant Susan Rice and the Ignorant Hillary Clinton put the bad mouth on the Colonel, they assumed part of the resposibility for the damage done that country, but the main villains were the stupid David ´Cameron and Sarky Sarkozy, and the unmatched (in terms of stupidity) Fogh Rasmussen, boss of Nato.The Libyan thing could have been solved some other way. Pope Benedict wanted Diplomacy and Dialogue, and that would have done the job, perhaps along with some saber rattling. I don't expect men like Cameron and Sarkozy to do any constructive thinking, but what was the point in the US initially going along with those two bumpkins.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News