House Witness on Libya: ‘Moscow’s Foothold in Libya Is Growing’
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like Qadaffi?
Hiftar has a lot of baggage too. He's the logical go to guy, but the Islamists are no fans..
Im seriously thinking the country is going to stay self-partitioned for a long time
cancel2 2022
Canceled
Well maybe that's the answer then, partition the country. Of course I can see the drawbacks as the Eastern half has most of the oil.like Qadaffi?
Hiftar has a lot of baggage too. He's the logical go to guy, but the Islamists are no fans..
Im seriously thinking the country is going to stay self-partitioned for a long time
Sent from my iPhone 25 GT Turbo
with due respect -you are missing the point. WE CAN'T IMPOSE ANYTHING.
We tried that with the UN government in Tripoli - it's not viable..
It's upto the Libyans.
But getting back to the OP Russia is facilitating unification at the same time it's schmoozing Hiftar
And they are doing it OUTSIDE the UN mandate.
If they decide to divide the country should they be stopped?like Qadaffi?
Hiftar has a lot of baggage too. He's the logical go to guy, but the Islamists are no fans..
Im seriously thinking the country is going to stay self-partitioned for a long time
it's their country. It is divided.
http://www.nytimes.com/2011/02/26/world/middleeast/26diplomacy.html
April 19, 2017
by: Heba Saleh in Cairo and Andrew England in London
https://www.ft.com/content/a9be923c-2349-11e7-8691-d5f7e0cd0a16?mhq5j=e2
The internationally recognised head of Libya’s $67bn sovereign wealth fund is to appeal to the UN in an attempt to allow the fund to manage its frozen assets, despite the violent political rivalries plaguing state institutions.
Ali Mahmoud, head of a steering committee appointed by the UN-backed government to oversee the Libyan Investment Authority, said the fund was “losing a lot of money” because it was unable to manage old equity and bond investments.
The LIA’s assets have been under UN sanctions since the 2011 uprising against Muammer Gaddafi and any chance of them being unfrozen have previously been dashed by the power struggles and conflict that erupted after the dictator was toppled.
The chaos has affected the central bank, the National Oil Company and the LIA with officials backed by political adversaries bickering over the leadership of the organisations and their resources.
“There are alternative opportunities that are being missed and in some cases there are deposits in banks that are past their maturity on which we are being charged negative interest rates,” Mr Mahmoud told the Financial Times. “This has caused us big losses especially on the bonds and long-term investment portfolios.”
But Mr Mahmoud has two domestic rivals each claiming to be the rightful leader of the fund — disputes that reflect deep political divides. The UN-backed government in Tripoli is weak, has little influence beyond the capital and is locked in power struggles with rivals, including a parliament in Tubruq that is allied to Khalifa Haftar, a military strongman who controls much of the east.
The Tripoli offices of the LIA are under the control of Abdulmagid Breish, a former leader of the organisation, who has said the fund’s assets should only be unfrozen when the political situation stabilises. He managed to get a ruling from a Libyan court delaying the government’s decision to appoint Mr Mahmoud and his steering committee.
But Mr Mahmoud insists he is recognised by the LIA’s subsidiaries and by the international banks that hold its accounts. On behalf of the LIA he has attended board meetings of foreign companies in which the fund holds stakes, such as UniCredit bank of Italy and First Energy Bank in Bahrain.
Mr Mahmoud said the returns on the LIA’s assets are not frozen but his committee has not touched any funds because it is only in charge temporarily.
Another figure claiming the leadership of the LIA is Ali Shamekh, who was appointed the fund’s chief executive in August by rival authorities in eastern Libya. He says there are possible plans to open an office in London in an attempt to talk to western governments about lifting the sanctions on the LIA. He says the sanctions affect about 65 per cent of its assets, mostly cash and equities in countries including the UK, US and Italy.
The fund has investments in about 550 companies, including hotels and downstream oil operations in Africa and the Middle East, Mr Shamekh says, and several subsidiaries, including Tamoil and Libyan Foreign Investment Company.
“If the whole country is not stable it will be very difficult for any investor, whether it’s the LIA or not,” Mr Shamekh says. “That day we have a united government, the second day you will have one LIA, one central bank of Libya, one NOC [state oil company.”
But Mattia Toaldo, senior analyst at the European Council on Foreign Relations, believes the LIA “will be the last and most difficult of the issues to be addressed if there is an agreement in Libya”.
https://www.ft.com/content/a9be923c-2349-11e7-8691-d5f7e0cd0a16?mhq5j=e2
by: Heba Saleh in Cairo and Andrew England in London
https://www.ft.com/content/a9be923c-2349-11e7-8691-d5f7e0cd0a16?mhq5j=e2
The internationally recognised head of Libya’s $67bn sovereign wealth fund is to appeal to the UN in an attempt to allow the fund to manage its frozen assets, despite the violent political rivalries plaguing state institutions.
Ali Mahmoud, head of a steering committee appointed by the UN-backed government to oversee the Libyan Investment Authority, said the fund was “losing a lot of money” because it was unable to manage old equity and bond investments.
The LIA’s assets have been under UN sanctions since the 2011 uprising against Muammer Gaddafi and any chance of them being unfrozen have previously been dashed by the power struggles and conflict that erupted after the dictator was toppled.
The chaos has affected the central bank, the National Oil Company and the LIA with officials backed by political adversaries bickering over the leadership of the organisations and their resources.
“There are alternative opportunities that are being missed and in some cases there are deposits in banks that are past their maturity on which we are being charged negative interest rates,” Mr Mahmoud told the Financial Times. “This has caused us big losses especially on the bonds and long-term investment portfolios.”
But Mr Mahmoud has two domestic rivals each claiming to be the rightful leader of the fund — disputes that reflect deep political divides. The UN-backed government in Tripoli is weak, has little influence beyond the capital and is locked in power struggles with rivals, including a parliament in Tubruq that is allied to Khalifa Haftar, a military strongman who controls much of the east.
The Tripoli offices of the LIA are under the control of Abdulmagid Breish, a former leader of the organisation, who has said the fund’s assets should only be unfrozen when the political situation stabilises. He managed to get a ruling from a Libyan court delaying the government’s decision to appoint Mr Mahmoud and his steering committee.
But Mr Mahmoud insists he is recognised by the LIA’s subsidiaries and by the international banks that hold its accounts. On behalf of the LIA he has attended board meetings of foreign companies in which the fund holds stakes, such as UniCredit bank of Italy and First Energy Bank in Bahrain.
Mr Mahmoud said the returns on the LIA’s assets are not frozen but his committee has not touched any funds because it is only in charge temporarily.
Another figure claiming the leadership of the LIA is Ali Shamekh, who was appointed the fund’s chief executive in August by rival authorities in eastern Libya. He says there are possible plans to open an office in London in an attempt to talk to western governments about lifting the sanctions on the LIA. He says the sanctions affect about 65 per cent of its assets, mostly cash and equities in countries including the UK, US and Italy.
The fund has investments in about 550 companies, including hotels and downstream oil operations in Africa and the Middle East, Mr Shamekh says, and several subsidiaries, including Tamoil and Libyan Foreign Investment Company.
There is no expectation, however, that Libya’s rival power centres would reach any agreement about sovereign wealth until the wider political battles have been resolved.
“If the whole country is not stable it will be very difficult for any investor, whether it’s the LIA or not,” Mr Shamekh says. “That day we have a united government, the second day you will have one LIA, one central bank of Libya, one NOC [state oil company.”
But Mattia Toaldo, senior analyst at the European Council on Foreign Relations, believes the LIA “will be the last and most difficult of the issues to be addressed if there is an agreement in Libya”.
https://www.ft.com/content/a9be923c-2349-11e7-8691-d5f7e0cd0a16?mhq5j=e2
There is 1 unified National Oil Company. I'm not sure of the current revenue sharing, but there are periodic attempts by the eastern government to ship oil without using the NOC
Libya's National Oil Corp warns of new attempt at independent oil sales
http://www.reuters.com/article/us-libya-oil-idUSKBN16X10W
Factions based in eastern Libya have previously tried to sell oil independently of NOC in Tripoli, but their moves have been frustrated by U.N. resolutions that remain in place.
The NOC reasserted in the statement that it was the only body authorized by U.N. resolutions to export crude oil and oil products from Libya, and that only the 16 international oil companies that already hold contracts with NOC could buy oil or charter tankers from Libyan ports.
It warned that entering into contracts with other buyers could lead to "serious legal consequences and financial losses" for those concerned.
The statement comes after eastern forces lost and regained control of the key oil ports of Es Sider and Ras Lanuf this month, angering eastern factions that accused their western rivals of backing the temporary seizure of the ports.
Some eastern officials cast doubt on arrangements under which oil produced in the east is sold by the Tripoli NOC with revenues processed by the central bank in the capital.
Libya's National Oil Corp warns of new attempt at independent oil sales
http://www.reuters.com/article/us-libya-oil-idUSKBN16X10W
Factions based in eastern Libya have previously tried to sell oil independently of NOC in Tripoli, but their moves have been frustrated by U.N. resolutions that remain in place.
The NOC reasserted in the statement that it was the only body authorized by U.N. resolutions to export crude oil and oil products from Libya, and that only the 16 international oil companies that already hold contracts with NOC could buy oil or charter tankers from Libyan ports.
It warned that entering into contracts with other buyers could lead to "serious legal consequences and financial losses" for those concerned.
The statement comes after eastern forces lost and regained control of the key oil ports of Es Sider and Ras Lanuf this month, angering eastern factions that accused their western rivals of backing the temporary seizure of the ports.
Some eastern officials cast doubt on arrangements under which oil produced in the east is sold by the Tripoli NOC with revenues processed by the central bank in the capital.
lot of sweet crude oil easily extracted. Boko is in Nigeria -not Libya.
Libyan weapons flow allover N. Africa and Libya is a keystone connecting AQIM with Sinai Province and ISIS in Iraq
Not a fact you admitted to at DCJ Mach I. I pointed that out in defense of the Obama Administration and you denied it, emphasizing Americas domination of NATO.
Getin the ring
Verified User
Another vacuum created by Obama, just go execute their leader then leave the power vacuum to whomever, the brotherhood, Russia, whatever
The Oblamea clown legacy lives on
The Oblamea clown legacy lives on
cancel2 2022
Canceled
you are verbally challenged.
Sarkozy sought the UN approval. But it was Clinton who did the world organizing and was chief US advocate in Obama's NSC to start the military adventurism. The NATO statement was that NATO could not have done the long campaign without US command and control, and we were the lead player in the "kinetic military action" itself
I refer you to the NYTimes for a full picture:
https://www.nytimes.com/2016/02/28/us/politics/hillary-clinton-libya.html
Hillary Clinton,‘Smart Power’ and a Dictator’s Fall
The president was wary. The secretaryof state was persuasive.
But the ouster of Col. Muammar el-Qaddafi left Libya a failed state and a terrorist haven
Her conviction would be critical in persuading Mr. Obama to join allies in bombing Colonel Qaddafi’s forces. In fact, Mr. Obama’s defense secretary, Robert M. Gates, would later say that in a “51-49” decision, it was Mrs. Clinton’s support that put the ambivalent president over the line.
as to Colonel Qaddafi’s intentions.
The mission inexorably evolved even as Mrs. Clinton foresaw some of the hazards of toppling another Middle Eastern strongman.
She pressed for a secret American program that supplied arms to rebel militias, an effort never before confirmed.
neoliberals/neocons -whatever....birds of a feather
yes Qadaffi should have given up his rightful leadership of Libya
for the non-killing of civilians by his troops outside Bengazi
to prove Hillary Clinton was correct in her us of "Smart Power"
do you even read what you post???
"Responsibility to Protect"Protecting civilians........They aint protecting them now??
Maybe they can go protect the citizens of Mexico? Guatemala??
was a failed UN doctrine cooked up by Madeline Albright that Clinton borrowed to push interventionism on the cheap