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Monday, August 29, 2011     FOR YOUR EYES ONLY

Libyan rebels reassure China, Russia: 'All lawful' energy deals to be upheld

CAIRO — Libyan rebels, amid fears by China and Russia, have promised to honor all energy contracts.
  • Related Story: New leaders may expel Russia and China from Libyan energy sector Aug. 25

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    The rebel National Transitional Council has relayed assurances to a range of contractors that work in Libya's energy sector. The council said it would not cancel contracts with China and Russia, the leading allies of the former regime of Col. Moammar Gadhafi.

    "All lawful contracts will be honored," Ahmed Jehani, responsible for NTC's reconstruction, said. "There's no question of revoking any contract."

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    In a statement to Reuters television, Jehani said China would be welcome to continue to invest in Libya's energy and additional sectors, Middle East Newsline reported. He said crude oil reconstruction would require at least nine months.

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