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libya Seeks U.S. Investment in Areas From Oil to Tourism

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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
21 Jun 2012 09:18 AM
Libya is seeking to boost its oil production by a third to 2 million barrels a day by year-end, surpassing last year’s pre-conflict level, Libyan ambassador to Washington Ali Aujali said.

How fast Libya returns to pre-war levels or surpasses them “depends also on the oil companies, how fast they are returning” to restart or expand operations, Aujali said, speaking at a Bloomberg Government breakfast in Washington yesterday.

Beyond oil, Libya is eager for American investment in tourism, health care and education, he said. The nation, whose governance is still in flux, plans to hold the first election for the national assembly next month after four decades of rule by dictator Muammar Qaddafi.

“The environment is great” for U.S. companies, in large part because the Obama administration is credited by Libyans with pressing for NATO military action that helped topple Qaddafi last year, Aujali said.

“They appreciate what the Americans did,” he said, and American flags are often flown alongside Libyan ones around the country.

Libya’s governor for OPEC, Samir Kamal, set expectations lower than Aujali did, telling reporters last week in Vienna that the government hopes to reach 1.6 million barrels a day by year-end.

Aujali said the North African nation has restored crude oil production to more than 1.5 million barrels a day, or 90 percent of official production figures before Qaddafi was ousted in a violent uprising. The months-long conflict sent production levels plummeting to 45,000 barrels a day in August, according to a monthly Bloomberg survey of oil companies, producers and analysts.

Rising Output
Libyan production was restored to 1.45 million to 1.55 million barrels daily by the end of May, according to figures from the Organization of Petroleum Exporting Countries.

Oil Minister Abdul-Rahman Ben Yezza said last week that Libya plans to spend about $10 billion to develop long-term oil and natural gas projects and increase its crude production capacity. He said the country also has a five-year plan to increase production to about 2.2 million barrels a day.

Aujali said “we need more investment” to develop the oil industry and fulfill a longer-term goal of restoring Libya’s crude production capacity to its historical high. The U.S. Department of Energy estimates it exceeded 3 million barrels a day in the 1960s.

Aujali cited ConocoPhillips (COP) (COP), Exxon Mobil Corp. (XOM) (XOM) and Occidental Petroleum Corp. (OXY) (OXY) as among U.S.-based multinational energy giants that have returned to Libya, and urged other U.S. companies to invest in all sectors of Libya’s economy.

American Opportunities
American companies need to “be more involved, to be more aggressive to visit Libya to see where they can make business,” he said, so they don’t lose opportunities to other countries such as Italy, which has been proactive in seeking business prospects.

Aujali cited health care, infrastructure, education and tourism as sectors in which the Libyan government is seeking foreign investment. He said tourism remains one of the least- developed industries, citing Libya’s 2,000 kilometers (1,243 miles) of beaches and its cultural attractions, including Leptis Magna, one of the best-preserved Roman ruins in the Mediterranean,

Aujali said Libya is seeking American universities and hospitals interested in assisting with training and technology and setting up branches or partnerships, as many have done in the Persian Gulf and North Africa.

Unfrozen Assets
Libya is looking to the U.S. and NATO countries to help rebuild after a bloody conflict that cost the nation billions of dollars in lost trade and revenue, according to the International Monetary Fund. The revolution killed 30,000 people and wounded 50,000 others, according to the Libyan government.

“You supported this revolution at a critical time,” he said. Still, “the new road is not built,” so the U.S. needs to stay involved to ensure the democratic transition is completed.

The Obama administration has done everything possible to assist Libya’s government, including making available $31 billion in Libyan government assets under U.S. jurisdiction that was frozen as a penalty on Qaddafi’s government, Aujali said.

The only Libyan assets that remain frozen by the U.S. are about $3 billion belonging to the Libyan Investment Authority, the government-managed sovereign wealth fund and holding company based in Tripoli, he said. The authority needs to be reorganized under a dependable board of directors before “we feel safe” asking for the funds to be released, he said.




Election Plans
Libya has scheduled elections for July 7. Aujali said 145 political parties have formed, with 3,000 candidates vying for 200 legislative posts. About 80 percent of eligible voters have registered, underscoring excitement about the democratic transition, he said.

Still, the situation remains volatile, Mustafa Abdul Jalil, chairman of the National Transitional Council, said in an interview with state-run Qatar News Agency June 17. Libya risks descending into civil war if the current unstable security situation persists, he was quoted as saying.

Aujali said his country has studied other nations’ models for reconciliation and justice following long dictatorships during which many were persecuted. Libya is “not starting from zero. There are many with experience in the history and we learn from them.”

‘No Revenge’
While some members of the old regime are under arrest, “there is no revenge at the time being against the Qaddafi regime,” he said. “Reconciliation is important. But in the first place, justice has to be made.”

Aujali said he expects a speedy resolution of the “misunderstandings” in the case of a team from the International Criminal Court in the Hague that was detained June 7 by Libyan authorities. Libya accused Australian defense lawyer Melinda Taylor of trying to smuggle documents to Qaddafi’s son Saif al-Islam Qaddafi in a Libyan prison. The Libyan government accuses Qaddafi’s son of directing the killing of thousands during his father’s regime and during the rebellion.

“The Libyan people, they have the right before anybody else to try Saif al-Islam in Libya,” Aujali said of the effort to try him in the international court in the Netherlands.

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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
24 Jun 2012 01:11 PM
bump
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LegalizeWater is not online. LegalizeWater
Joined: 28 Dec 2011
Total Posts: 2341
24 Jun 2012 02:14 PM
Libya lacks a certain feline aspect.
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dxhardys12 is not online. dxhardys12
Top 50 Poster
Joined: 08 Sep 2009
Total Posts: 52245
24 Jun 2012 07:08 PM
Hope they are doing better without that Quaddaffi, all those dictators are cowards at the end.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
24 Jun 2012 07:13 PM
But they should be careful that another dictator will replace him.
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dxhardys12 is not online. dxhardys12
Top 50 Poster
Joined: 08 Sep 2009
Total Posts: 52245
24 Jun 2012 07:28 PM
Yes, because that mess over again would stink
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
24 Jun 2012 07:30 PM
This is what usually happens after revolutions.

The only revolutions that didnt result into a tyranny so far as the American revolution and the revolutions of 1989.
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dxhardys12 is not online. dxhardys12
Top 50 Poster
Joined: 08 Sep 2009
Total Posts: 52245
24 Jun 2012 07:35 PM
Hopefully we can add the Arab Spring to that list
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
24 Jun 2012 07:41 PM
Egypt = failed

Yemen = failed
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
25 Jun 2012 05:29 AM
The only revolutions that didnt result into a tyranny so far as the American revolution and the revolutions of 1989.
__
Idiot idiot idiot. Who the hell are you to say something this????? Revolutions have been happening all the time you moron.



Egypt = failed
__
No, it just succeeded you dumbo





Yemen = failed
__
Yeah, thank usa and ksa for that.
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
25 Jun 2012 05:34 AM
The only revolutions that didnt result into a tyranny so far as the American revolution and the revolutions of 1989.
__
The only reason you say that is because you know only the american revolution and the word "revolutions of 1989". Nothing more. Nothing less.


Seriously pepper, stop TALKING ABOUT ISSUES YOU KNOW ___NOTHING____ ABOUT
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 06:42 AM
IamLibyan, get out.
You clearly have no intellect at all what so ever.

So beat it.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 07:17 AM
IamLibyan, have you ever read about any revolution? All are just regime changes that resulted in one dictator replacing another one. In Egypt, it is a clear fact, that the revolution has utterly failed. The new President will surly someday become a dictator and stifle all decent.

The only revolutions that have ever worked where ones that didnt result in a tyranny.

Examples:

France, 1789, FAILED

France, 1830, FAILED

France, 1848, FAILED

Russia, 1917, FAILED

Germany, 1918, FAILED

Iran, 1980, FAILED

Russia, 1991, FAILED

Egypt, Yemen, Possibly Libya and Tunisia, 2011, FAILED



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Twigs180 is not online. Twigs180
Joined: 10 Mar 2008
Total Posts: 18664
25 Jun 2012 08:54 AM
Germany 1918 succeeded.
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CommanderRoblock is not online. CommanderRoblock
Joined: 04 Jun 2010
Total Posts: 16211
25 Jun 2012 08:59 AM
France, 1789, FAILED
France, 1830, FAILED
France, 1848, FAILED
-
Dude

It's France.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 09:14 AM
@Twigs

it resulted in the failed Weimar Republic, which in a nutshell was already an Authoritarian state. Not to mention what it lead to in 1933

When I mean failed, I mean resulted in another tyranny.
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UgandaBestCountry is not online. UgandaBestCountry
Joined: 21 Jun 2012
Total Posts: 510
25 Jun 2012 09:21 AM
But the Weimar republic did not diretly result into a dictatorship.

The system just feel under the pressure from the Versailles treaty.

Also, 1920 Turkey.

I do not recall Turkey being a dictatorship, riiiight?

Last time I checked Libya isn't turning into a dictatorship, it is getting it's steps into democracy. For example, Libya has banned extremist religion-based groups, which is a big step forward, wiping out the most likely cause of another dictatorship.
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UgandaBestCountry is not online. UgandaBestCountry
Joined: 21 Jun 2012
Total Posts: 510
25 Jun 2012 09:53 AM
Also, 1908 Turkey when young Turks forced to restore the parliament and constitution.

1916-1923 Ireland
1916-1947 India
1918 Finland
1990-1995 Croatia
1992-1995 Bosnia
2000 Serbia

Please explain those.

Thank you.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 10:27 AM
Turkey? Not a dictatorship? Please...

-Ireland, Failed, resulted in the Free State and the civil war

-India, why did I forget that?

-Finland, Never had a revolution, but did achieve independence from Russia

-Croatia, Not a revolution

-Bosnia, Not a revolution

-Serbia, no, just no.
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UgandaBestCountry is not online. UgandaBestCountry
Joined: 21 Jun 2012
Total Posts: 510
25 Jun 2012 01:22 PM
-Croatia, Not a revolution

-Bosnia, Not a revolution

---

Actually, you said USA revolt was a revolution. I have every right to count to it Croatia and Bosnia.

Also, yes. Turkey is a parliamentary republic. I am sorry to burst your bubble in time.
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UgandaBestCountry is not online. UgandaBestCountry
Joined: 21 Jun 2012
Total Posts: 510
25 Jun 2012 01:23 PM
Also, in 1991, most countries that achieved independance weren't dictatorships. I wouldn't call Estonia, Latvia, Lithuania and Ukraine a dictatorship.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 02:20 PM
You know what else is a parliamentary republic?

Syria
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
25 Jun 2012 02:42 PM
Banning parties based on their principals is not democracy. It's like America banning the communist party.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
25 Jun 2012 02:45 PM
America and Libya are different.

I think the new Libyan leaders what Libya to be a republic, but they say democracy because that word appeals to people more.

Remember what democracy can do, it can bring in a dictatorship.
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
25 Jun 2012 02:46 PM
IamLibyan, have you ever read about any revolution?
__
More than you will ever read.



All are just regime changes that resulted in one dictator replacing another one.
__
Nope, not all.


In Egypt, it is a clear fact, that the revolution has utterly failed.
__
Nope, they just voted democratically for new president and their economy is progressing


The new President will surly someday become a dictator and stifle all decent.
__
"surly" Go hook yourself, moron



The only revolutions that have ever worked where ones that didnt result in a tyranny.
__
Nice, lets see your cherry picking. Ill give you three succesful revolutions for one of your "failed" ones.



Examples:

France, 1789, FAILED
__
c. 2380 BC (short chronology): A popular revolt in the Sumerian city of Lagash deposes King Lugalanda and puts the reformer Urukagina on the throne.He is best known for his reforms to combat corruption, which are sometimes cited as the first example of a legal code in recorded history.

508/7 BC: The Athenian Revolution establishing democracy in Athens

460 BC: The Inarus revolted against the Persians in Egypt with the help of his Athenian allies and defeated the Persians





France, 1830, FAILED
_
167–160 BC: The Jews revolt, in the Hasmonean Revolt, against the Seleucid Empire because of the Hellenization of Judea and the high taxes; Leader of the rebellion is Judah the Maccabi, achieving independence as the Hasmonean kingdom of Judah.

496: Mazdak led a Persian socialistic movement and overthrew Shahanshah Kavadh I of the Persian empire.

740–743: The Great Berber Revolt in Maghreb against the Umayyads marked the first successful secession from the Arab caliphate (ruled from Damascus).



France, 1848, FAILED
_
755: Abd ar-Rahman I landed at Almuñécar in al-Andalus. Abd ar-Rahman I was the founder of a Muslim dynasty that ruled the greater part of Iberia for nearly three centuries.

875–884: A rebellion by salt smuggler Huang Chao against Tang Dynasty China, which later collapsed due to the destabilization caused by the rebellion, thus collapsing China

1156: The Hōgen Rebellion succeeded in establishing the dominance of the samurai clans and eventually the first samurai-led government in the history of Japan.




Russia, 1917, FAILED
_

1250: The Mamluks killed the last sultan of the Ayyubid dynasty, and established the Bahri dynasty.

1282: The Sicilian Vespers, an uprising against the rule of the French/Angevin king Charles I on the island resulting in thousands of dead French occupiers and a shift in European power.


1296–1328: The First of the Wars of Scottish Independence between Scotland and England, leading to renewed Scottish independence in 1328.



Germany, 1918, FAILED
__
This was successful



Iran, 1980, FAILED
_
1302: The Battle of the Golden Spurs in Flanders, after which the French were ousted.

1566–1648: Eighty Years' War; revolt of the Low Countries against Spain, resultes: Independence of the Dutch Republic and Spanish retention of the Southern Netherlands

1606–1607: The Bolotnikov rebellion for the abolition of serfdom, which was part of the Time of Troubles in Russia.




Russia, 1991, FAILED
__
1688: The Siamese revolution (1688) the overthrow of pro-foreign Siamese king Narai by Mandarin Petracha.

1688: The Glorious Revolution in England overthrew King James II and established a Whig-dominated Protestant constitutional monarchy.

1709: Mir Wais Hotak, an Afghani tribal leader, led a successful rebellion against Gurgin Khan, the Persian governor of Kandahar.





Egypt, Yemen, Possibly Libya and Tunisia, 2011, FAILED
__
Nope, they all succeeded except Yemen




Hey idiot, ive got still 300 years of revolutions to tell you.
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