Word: libyans
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...renewed. But renewal has been gaining political support in recent months, and a number of experts following the legislation expect Congress to move in that direction later this year. That, together with Bush's demands on Libya, makes it unlikely that American companies will be allowed to exploit Libyan oil any time soon. As a result, even if Wintershall fails to strike a deal, rights to exploit the rich Oasis oil concession could go to other non-U.S. competitors thought to be interested in the properties, including Royal Dutch Shell, British Petroleum, Total of France and other major companies...
...TIME has learned that both Helms and Biden cited reports that Wintershall, an oil subsidiary of the giant German chemical conglomerate BASF, is currently in talks with the Libyan government about properties of the Oasis Partners, a U.S. consortium involving Marathon, Conoco and Amerada Hess. The holdings, which could be worth hundreds of millions of dollars, have not been operated by the Americans since 1986, when President Ronald Reagan imposed an executive order banning U.S. firms from doing business in the country...
...Last week, the assembled leaders relished a new era in Arab relations, holding a non-emergency summit for the first time in 14 years. Libyan leader Muammar Gaddafi pitched a tent outside a palace and visited a donut shop during a surprise walkabout. A rumor swirled around Amman that Saddam himself was planning to attend. It would have made an electrifying appearance. But he failed to show...
...useful tidbits. Watching President George W. Bush's speech last Wednesday, anybody could have learned the same things about our country, even without moles in the FBI. They would have seen that our country is in good shape, though we possess some of the wackiest leaders this side of Libyan leader Muammar el-Quadaffi...
...council, parliament, court of justice, peacekeeping force and financial institutions will foster greater cooperation, end wars, promote prosperity and evolve into a single political body to rival NAFTA and the European Union. As Africa's leaders gathered in Libya this week to discuss the Union, Dr. Ali Treki, the Libyan secretary for African unity, spoke to TIME Cairo bureau chief Scott MacLeod about the future of the continent...