Tuesday, May 24, 2011

Libyan oil official Ghanem has not defected... He is discussing oil contracts for Qaddafi!


(Reuters) - Top Libyan oil official Shokri Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain ties with big oil companies, sources at western firms said...Companies have been unable to conduct operations in Libya due to the uprising against the regime and military strikes by western powers, which means they are not in compliance with the obligations in their contracts. Ghanem wanted to reassure the groups that contracts would not be voided because of this, and would be respected in future, the opposition source said. This waiver could allow companies to return quickly to Libya, which is reliant on oil revenues, should Gaddafi re-establish control and have international sanctions lifted..."

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