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Reply #30: Libya emerges as Opecs 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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Source: Financial Times

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

Libyas regime has scored a rare diplomatic success by emerging from this weeks 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 Gaddafis regime, was allowed to travel to Vienna to represent his country at Wednesdays Opec ministerial meeting.

His presence deprived the rebel movement of an opportunity to seize Libyas 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 Libyas legitimate government and joined Natos 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.


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