Uncertainties over Libya's future persist
Demonstrations took place yesterday in Baida and Benghazi calling for federalism and dennouncing Libyan aid for Tunisia and dealings with Qatar.
Source : https://www.marocafrik.com/english/Uncertainties-o...
Chanting slogans the crowd also denounced the recent announcement by National Congress President Mohamed Magarief of a $200 million development package to Tunisia and the Emirate of Qatar which despite being a strong supporter of the Libyan revolution is seen as having too much influence in the country, the Libyan Herald reports.
The government has pointed out that the arrangement with Tunisia was a loan arranged by the previous NTC administration which the new government was obliged to honour but its announcement by President Megharief in Tunis on a visit last week has caused considerable controversy
The Eastern region of Libya has made a number ofcalls for a return to a federal state which existed briefly under King Idris before Mummar Gaddafi took over. An argument flared recently because the National Oil Corporation (NOC) had talked about moving its headquarters to Benghazi only to faced with protests by NOC workers in Tripoli. The decision has now been referred to the new government of Mr Ali Zeidan.Another report by Reuters suggests that NOC may separate its exploration activities from its refining sector and will split its operations creating two organisations under the Ministry of Petroleum,one headquartered in Tripoli and one in Benghazi.
A recent report by the London based FDI Intelligence for its FDI ranking for 2011 has showed Libya loosing up to 80 per cent of its FDI due to instabilityand strikes. Armed conflict between armed militias has increased security concerns for oil companies investing in Libya and difficulties in negotiating contracts made with the previous regime have also affected the outlook for investment from some international oil companies.
A report by Reuters suggests that demand for "sweet" crude, which Libya produces is declining and "sour" oil of the kind produced in neighbouring Algeria is now more in demand.
The government has pointed out that the arrangement with Tunisia was a loan arranged by the previous NTC administration which the new government was obliged to honour but its announcement by President Megharief in Tunis on a visit last week has caused considerable controversy
The Eastern region of Libya has made a number ofcalls for a return to a federal state which existed briefly under King Idris before Mummar Gaddafi took over. An argument flared recently because the National Oil Corporation (NOC) had talked about moving its headquarters to Benghazi only to faced with protests by NOC workers in Tripoli. The decision has now been referred to the new government of Mr Ali Zeidan.Another report by Reuters suggests that NOC may separate its exploration activities from its refining sector and will split its operations creating two organisations under the Ministry of Petroleum,one headquartered in Tripoli and one in Benghazi.
A recent report by the London based FDI Intelligence for its FDI ranking for 2011 has showed Libya loosing up to 80 per cent of its FDI due to instabilityand strikes. Armed conflict between armed militias has increased security concerns for oil companies investing in Libya and difficulties in negotiating contracts made with the previous regime have also affected the outlook for investment from some international oil companies.
A report by Reuters suggests that demand for "sweet" crude, which Libya produces is declining and "sour" oil of the kind produced in neighbouring Algeria is now more in demand.
Source : https://www.marocafrik.com/english/Uncertainties-o...