RealNews

Bush Tries to Help U.S. Firms Invest in Libya

The Bush administration has asked Congress to quickly lift a ban on U.S. Export-Import Bank loans in Libya and said “timing is critical” to help American companies invest in the oil-rich country, according to a letter released on Tuesday.Major Western oil companies are interested in investing in Libya’s energy sector. The country is believed to have 36 billion barrels of proven oil reserves with 12 fields holding at least 1 billion barrels each. “This continued ban on Ex-Im programs in Libya is not consistent with the administration’s general policy,” Deputy Secretary of State Richard Armitage said in a Nov. 15 letter to key lawmakers.Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.