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The Biggest Catalyst In Oil Markets Is Going Unnoticed

Mounting downward pressure on oil…

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New Offensive Brings Libya To The Brink Of War

Forces loyal to Libya’s eastern…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

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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




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  • 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.

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