Ruin & Rebuild: Warfare worth $300bln Libya windfall
Libya has big plans for its post-war future, hoping to be reborn as the next Dubai and having all the necessary sun and beaches, with oil reserves aplenty. British companies are likely to come out on top of those lining up for a piece of the action.
It was France and the UK who initially led the effort to topple Colonel Muammar Gaddafi. Britain, together with France, sent their navy and fighter jets to establish a sea blockade and assault military targets on Libyan territory.
Now the National Transitional Council (NTC) of Libya says its friends will be rewarded – and these are not just words.
In the last two weeks, the UK Department for Trade and Industry led a working party to Libya to look around at what needed rebuilding. The British government department estimates that Libyan contracts, in sectors from oil and gas to education and construction, could be worth some $315 billion over the next decade.
Oil firms Shell and BP have already held talks with the Libyan transitional government, which pledged to honor the Gaddafi-era contracts with them.
Now the NTC delegation is in London to hold talks with top business executives on the “massive opportunity to rebuild Libya.”
All this directly correlates between efforts to oust Gaddafi and contracts that are rewarded afterwards, reports RT's Laura Smith from London.
Earlier it was the turn of German companies that expressed interest in taking part in effort to re-build Libya, but the NTC said “no” to them. It was sort of “You did not participate in bombing and the no-fly zone, and since you did not take part in that, you will have no business opportunities either.”
Exactly the same picture was seen in post-war Iraq, where French companies attempted to get into business, but were bluntly rejected. And that served to the French as a very illustrative example of how they should act the next time such “opportunity” arose. In Iraq the majority of contracts were granted to the US and the UK companies.
Cody's response:
The Libyan takeover was never about humanitarian concerns. The Al Qaeda flag is flying over the building being used for the Transitional Government's
temporary headquarters. It is, and was about Libyan oil, massive rebuilding contracts, and the fact that Libya was poised to sell its oil in dinars, not dollars.Such is the reality of American Empire building. ...
Libya has big plans for its post-war future, hoping to be reborn as the next Dubai and having all the necessary sun and beaches, with oil reserves aplenty. British companies are likely to come out on top of those lining up for a piece of the action.
It was France and the UK who initially led the effort to topple Colonel Muammar Gaddafi. Britain, together with France, sent their navy and fighter jets to establish a sea blockade and assault military targets on Libyan territory.
Now the National Transitional Council (NTC) of Libya says its friends will be rewarded – and these are not just words.
In the last two weeks, the UK Department for Trade and Industry led a working party to Libya to look around at what needed rebuilding. The British government department estimates that Libyan contracts, in sectors from oil and gas to education and construction, could be worth some $315 billion over the next decade.
Oil firms Shell and BP have already held talks with the Libyan transitional government, which pledged to honor the Gaddafi-era contracts with them.
Now the NTC delegation is in London to hold talks with top business executives on the “massive opportunity to rebuild Libya.”
All this directly correlates between efforts to oust Gaddafi and contracts that are rewarded afterwards, reports RT's Laura Smith from London.
Earlier it was the turn of German companies that expressed interest in taking part in effort to re-build Libya, but the NTC said “no” to them. It was sort of “You did not participate in bombing and the no-fly zone, and since you did not take part in that, you will have no business opportunities either.”
Exactly the same picture was seen in post-war Iraq, where French companies attempted to get into business, but were bluntly rejected. And that served to the French as a very illustrative example of how they should act the next time such “opportunity” arose. In Iraq the majority of contracts were granted to the US and the UK companies.
Cody's response:
The Libyan takeover was never about humanitarian concerns. The Al Qaeda flag is flying over the building being used for the Transitional Government's
temporary headquarters. It is, and was about Libyan oil, massive rebuilding contracts, and the fact that Libya was poised to sell its oil in dinars, not dollars.Such is the reality of American Empire building. ...
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