. Military Space News .
WAR REPORT
NATO allies welcome Libyan progress
by Daniel J. Graeber
Tripoli, Libya (UPI) Aug 18, 2016


disclaimer: image is for illustration purposes only

Members of the NATO alliance said they welcomed Libyan investment board actions as a step toward ensuring authority over the nation's oil wealth.

The governments of France, Germany, Italy, Spain, the United Kingdom, and the United States issued a joint statement welcoming the formation of an interim five-member steering committee for the Libyan Investment Authority.

Under a U.N. Security Council resolution, the consolidation of the investment authority, the National Oil Company and the Central Bank of Libya around the internationally backed government in Tripoli is "a matter of urgency," the joint statement read.

All six of the NATO members in their statement called on "all Libyans to support the government in preserving and protecting the independence and integrity of the Libyan financial institutions for the benefit of all Libyans."

A report this week from the Libya Herald said the formation of the interim steering committee follows the resignation from the LIA's board of trustees of a Central Bank of Libya governor protesting the way the investment authority was operating.

The investment authority, meanwhile, has argued in a high court in London that banking giant Goldman Sachs had exploited its position as a newly formed government entity when they worked on financial transactions before the Libyan civil war.

The joint statement on the interim council follows last week's expression of concern from the NATO allies about tensions near the Zuetina oil facility. All parties, the allies said, are called on to restrain from hostilities that would damage or otherwise interrupt operations at Libya's energy infrastructure.

Libya in July moved to reopen some of its oil terminals, which were idled for nearly two years by threats from rival internal powers.

A member of the Organization of Petroleum Exporting Countries, Libya in July produced about 304,000 barrels of oil per day, down about 70 percent from pre-war levels.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Space War News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
WAR REPORT
Coalition opens probe into deadly Yemen hospital raid
Riyadh (AFP) Aug 16, 2016
A Saudi-led coalition said it had launched an "independent" investigation into "reports" of an air strike on a hospital in Yemen which Doctors Without Borders (MSF) said killed 11 people. More than 19 people were also wounded in the raid that hit the MSF-supported hospital in the rebel-held northern province of Hajja, the Paris-based aid agency said, adding that one of its staff was among th ... read more


WAR REPORT
Lockheed Martin gets $112 million Aegis modernization contract

New SBIRS ground system enters into dedicated operational testing

Lockheed Martin gets $36 million Aegis Ashore missile defense contract

The USAF's Next SBIRS Missile Warning Satellite Ships to Cape Canaveral for October Launch

WAR REPORT
Britain awards MBDA $239M for ASRAAM missiles for F-35s

Japan to develop missile as tensions with China mount: report

Raytheon gets $129 million TOW weapon system contract modification

MDA orders ballistic missile targets

WAR REPORT
Air Force orders 30 more MQ-9 Reapers

Elbit launches Skylark UAV variant

Ideas for Protecting Against Small Unmanned Air Systems

US Navy deploys RQ-20B AeroVironment Puma AE with pecision recovery

WAR REPORT
Two ViaSat network encryptors now NSA-certified

GenDyn to improve U.S. Navy digital modular radio

L-3 Communications gets $216 million U.S. Army aircraft contract modification

Raytheon developing next-gen airborne communications

WAR REPORT
Prison-made US combat helmets endangered soldiers: report

U.K. launches $1 billion defense technology initiative

Russian Aerospace Forces to receive new aerial bombs: Report

Micro Cooling Device Now Gets Defense, Satellite Systems Up and Running 4x Faster

WAR REPORT
State Dept. approves $231 million munitions sale to NATO countries

U.S. delivers $50 million in weapons to Lebanese military

US approves $1.15 bn tank, weapons sale to Saudi

Russia has $4.6B in military exports in 2016

WAR REPORT
Turkey starts releasing 38,000 jailed for pre-coup crimes

Indonesia vows to defend 'every inch' of territory

Japan protests more Chinese ship 'intrusions'

Turkey police raid companies with alleged links to Gulen

WAR REPORT
Quantum dots with impermeable shell: A powerful tool for nanoengineering

Tailored probes for atomic force microscopes

Visible light superlens made from nanobeads

Smarter self-assembly opens new pathways for nanotechnology









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.