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Dash for profit in post-war Libya carve-up
Key Excerpts from Article on Website of The Independent (One of the UK's leading newspapers)
Posted: August 30th, 2011
http://www.independent.co.uk/news/business/news/dash-for-pro...
British businesses are scrambling to return to Libya in anticipation of the end to the country's civil war, but they are concerned that European and North American rivals are already stealing a march as a new race to turn a profit out of the war-torn nation begins. Business leaders with previous experience of making deals in Libya have told The Independent that plans are in hand to send a trade mission to Benghazi to meet leaders of the Transitional National Council (TNC). After five months of fighting in the world's 12th-largest oil producer, industry figures are acutely aware that billions could be made in the coming years from rebuilding Libya. Immediate focus will fall on the country's oil fields. There is also intense lobbying for the multibillion-pound reconstruction contracts that are likely to be offered once fighting ends. French and German officials have already begun trade negotiations with the TNC. In the years preceding February's revolution, British businesses played a key part in wooing Muammar Gaddafi part of a wider campaign by Western intelligence agencies to roll back Libya's pariah status in exchange for investment opportunities. Sir Mark Allen, a veteran Arabist and deputy head of MI6 who led negotiations with Colonel Gaddafi, was even hired by BP after his retirement to help to secure drilling rights.
Note: For a powerful summary of the real reason for modern war, profit, by famed US Marine Corps General Smedley Butler, click here.
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