• 15 mins Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay
  • 45 mins Minnesota Begins Public Hearings On Enbridge Line 3 Project
  • 1 hour China Looks To Create National Natural Gas Pipeline Firm
  • 2 hours Total Not In A Rush To Sell Canadian Oil Sands Assets
  • 2 hours DOE Seeks To Boost Usage Of Carbon Capture Tech
  • 3 hours Taxpayers Likely To Pick Up The Growing Tab For DAPL Protests
  • 6 hours WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 12 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 17 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 21 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 1 day Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 1 day Chevron To Invest $4B In Permian Production
  • 1 day U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 4 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 5 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 5 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 6 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 6 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
Alt Text

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

The Libyan National Oil Corporation…

Alt Text

Libyan Oil May Be Slipping Out Of Putin’s Reach

Last Friday, the Benghazi Defense…

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