![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
![]() by Daniel J. Graeber Tripoli, Libya (UPI) Aug 18, 2016
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.
Related Links Space War News
|
|
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. |