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aLiEn News & Reviews

Monday, August 01, 2005

Economy Review: Libya is in demand

A US based Petroleum Company is resuming its business in Libya for the first time in 19 years.
"The company was forced to abandon production in Libya in the mid-1980s, because of sanctions against Tripoli imposed by the US government. Its facilities were taken over by the Libyan state oil company. The US eased economic sanctions against Libya in 2004, opening the door for oil companies to return."
seems like Libya is not the asolated/abandoned "axis of evil" anymore... isn't it ironic? the US calls then so together with Iran and US petroluem companies are performing well and expanding their buisinesses in every country?
news is here

posted by Alan at 2:45 AM