Comrades to competitors: France and Italy vie for Libyan OIL

Comrades to competitors: France and Italy vie for a slice of Libyan...

LIBYA

The race for Libya's vast oil wealth is gathering momentum. States who worked together during the NATO airstrikes are now working against each other in the battle to secure lucrative energy contracts.

Meanwhile, fears are rising that a new regime in Libya could easily slide into corruption.

Half a billion dollars from Italy, and now a whopping $1.5 billion from the UN in unfrozen Libyan assets – on top of $300 million dollars from Turkey.

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Comment by guest_blog on August 27, 2011 at 3:26pm: Libya: Tripoli Stands in Defiance of NATO

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