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Reply #30: Libya emerges as Opec’s big winner [View All]

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pinboy3niner Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-11 02:15 PM
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30. Libya emerges as Opec’s big winner

Source: Financial Times


By David Blair in Vienna
Published: June 9 2011 19:40 | Last updated: June 9 2011 19:40


Libya’s regime has scored a rare diplomatic success by emerging from this week’s Opec meeting with its output quota intact and its seat at the table secure despite pumping scarcely any oil.


Omran Abukraa, a former head of the Libyan electricity board and a loyal apparatchik in Muammer Gaddafi’s regime, was allowed to travel to Vienna to represent his country at Wednesday’s Opec ministerial meeting.


His presence deprived the rebel movement of an opportunity to seize Libya’s place at the Opec table. Shokri Ghanem, the oil minister, joined the rebels’ ranks when he announced his defection from the regime last month.


Two Opec members, Qatar and the United Arab Emirates, have recognised the rebels as Libya’s legitimate government and joined Nato’s military campaign against Col Gaddafi. Yet Mr Abukraa was allowed to attend the meeting, although he arrived late and entered the Opec secretariat building via the basement to avoid being photographed.

...


http://www.ft.com/cms/s/0/2fb55f8e-92c7-11e0-bd88-00144...









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