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  • » 08/24/2011, 00.00

    CHINA – LIBYA

    Gaddafi’s fall threatens Chinese investments in Libya



    Rebels could go back on ol contracts with Beijing because of the latter’s support for Gaddafi.
    Beijing (AsiaNews/ Agencies) – China has called on Libya’s National Transitional Council (NTC) to protect the investments it made and the contracts it signed with the Gaddafi regime. On Monday, Abdelijalil Mayouf, a manager of the rebel-controlled Arabian Gulf Oil Company (AGOCO) warned that China, Russia and Brazil in contrast to Western nations could face political obstacles in reverting back to business as usual once Gaddafi has been removed from power.

    “China's investment in Libya, especially its oil investment, is one aspect of mutual economic co-operation between China and Libya, and this co-operation is in the mutual interest of both the people of China and Libya,” said Wen Zhongliang, deputy head of the Chinese Ministry of Commerce trade department.

    In March, China and Russia abstained when UN Resolution 1973 was passed by the Security Council. The latter gave the green light to Operation ‘Odyssey Dawn” against Gaddafi. On that occasion, both nations said they were opposed to the war, urging NATO to seek a diplomatic resolution.

    Conscious that Libya’s old regime is crumbling, Beijing has begun to woo the rebels. It has invited rebel leaders and sent diplomats to the rebel capital of Benghazi.

    In recent months, Chinese authorities have also reiterated several times their support for the NTC, recognising it as the only credible partner.

    In 2010, Libya provided China with 3 per cent of its oil needs.
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    See also

    13/06/2011 LIBYA
    Italy leading more than 30 per cent of military operations in Libya
    For Libya expert, historian Angelo Del Boca, the war continues amid widespread disinterest and unwillingness to pursue a diplomatic solution. Since the start of the operation, Italy has spent a billion Euros. NATO and Arab countries are planning the post-Gaddafi phase, but are leaving out the part of the population still loyal to the Tripoli government. The crisis will not be solved just when the strongman is removed.

    21/10/2011 LIBYA
    Gaddafi’s body in cold storage in Misratah
    The late strongman will be buried in a secret place to avoid turning his grave into a place of pilgrimage for his diehard supporters. His wife calls on the United Nations to open an investigation into his death. Civil war now looms as Tripoli and Benghazi, secularists and Islamists, vie for power.

    03/05/2012 LIBYA
    Life in prison for glorifying Gaddafi or insulting Islam
    The National Transitional Council adopts new laws. Assets belonging to the Gaddafi family and officials in his regime are seized. The Muslim Brotherhood and Islamic extremists determine the country's political line.

    22/10/2011 LIBYA
    Death of Gaddafi: the new government under fire. NATO absolves itself
    Videos reveal that the Rais was lynched and executed. Today the autopsy, as hundreds visit the morgue where his body is kept. Gaddafi’s tribe request the body for burial according to the canons of Islam. But the transitional government is undecided whether to get rid of the body or bury it in a secret place. NATO: Gaddafi's death was never our goal. Criticism of Russia.

    30/05/2011 LIBYA
    NATO failing in Libya, media hiding the truth, says Prof Del Boca
    For Angelo Del Boca, journalist and Libya expert, the high costs of the No Fly Zone have reduced to nothing any hope to see the blitz against Gaddafi succeed. Instead, the war might last several months because the Libyan leader still has troops, weapons and personal assets worth more than a billion Euros. The president of South Africa is in Libya to try a last moment deal with the Libyan government.



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