4 thoughts on “Sarkozy grab at Libyan oil

  1. Sarkozy under pressure over recognition of Libyan opposition group

    By The Associated Press (CP) – 1 hour ago

    BRUSSELS — European Union nations are putting French President Nicolas Sarkozy under pressure even before his arrival at Friday’s EU summit, complaining he was out of line to give a Libyan opposition group diplomatic recognition before any joint action could be discussed.

    France recognized Libya’s Interim Governing Council, an umbrella group made up of rebels based in the eastern city of Benghazi, which was taken over in a deadly uprising that has spread throughout much of the oil-rich North African country.

    Other EU member states insist nations should get diplomatic recognition, not groups or governments. They are urging caution during the volatile days of continued fighting.

  2. Total revenues up, but law hits profits

    France: Oil giant Total says its revenue grew 10 per cent in the first half of the year. It reached €100.3 billion (£78.9bn) for January to June over the same period last year.

    However the firm reported a fall in net profit to €5.2bn (£4.1bn), mainly due to the requirement that it set aside €316 million (£269m) against a damages claim being investigated by a US court.

    =====

    Iraq oil taxed to pay for Kuwait

    United Nations: The Compensation Commission that settles damage claims from victims of Iraq’s 1990 invasion of Kuwait has approved $1.3 billion (£827m) for six successful claimants, funded by a 5 per cent tax on the export of Iraqi oil.

    The agency has paid out a total of $37.7 bn (£24bn) for more than 1.5 million claims by individuals, corporations, governments and international organisations.

    http://morningstaronline.co.uk/news/content/view/full/121961

  3. Pingback: US taxpayers’ money to Al Qaeda | Dear Kitty. Some blog

  4. Pingback: After NATO’s bombs on Libya, bloodshed in Africa | Dear Kitty. Some blog

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