Energy News  
WAR REPORT
NATO allies welcome Libyan progress
by Daniel J. Graeber
Tripoli, Libya (UPI) Aug 18, 2016


disclaimer: image is for illustration purposes only

Members of the NATO alliance said they welcomed Libyan investment board actions as a step toward ensuring authority over the nation's oil wealth.

The governments of France, Germany, Italy, Spain, the United Kingdom, and the United States issued a joint statement welcoming the formation of an interim five-member steering committee for the Libyan Investment Authority.

Under a U.N. Security Council resolution, the consolidation of the investment authority, the National Oil Company and the Central Bank of Libya around the internationally backed government in Tripoli is "a matter of urgency," the joint statement read.

All six of the NATO members in their statement called on "all Libyans to support the government in preserving and protecting the independence and integrity of the Libyan financial institutions for the benefit of all Libyans."

A report this week from the Libya Herald said the formation of the interim steering committee follows the resignation from the LIA's board of trustees of a Central Bank of Libya governor protesting the way the investment authority was operating.

The investment authority, meanwhile, has argued in a high court in London that banking giant Goldman Sachs had exploited its position as a newly formed government entity when they worked on financial transactions before the Libyan civil war.

The joint statement on the interim council follows last week's expression of concern from the NATO allies about tensions near the Zuetina oil facility. All parties, the allies said, are called on to restrain from hostilities that would damage or otherwise interrupt operations at Libya's energy infrastructure.

Libya in July moved to reopen some of its oil terminals, which were idled for nearly two years by threats from rival internal powers.

A member of the Organization of Petroleum Exporting Countries, Libya in July produced about 304,000 barrels of oil per day, down about 70 percent from pre-war levels.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Space War News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
WAR REPORT
Coalition opens probe into deadly Yemen hospital raid
Riyadh (AFP) Aug 16, 2016
A Saudi-led coalition said it had launched an "independent" investigation into "reports" of an air strike on a hospital in Yemen which Doctors Without Borders (MSF) said killed 11 people. More than 19 people were also wounded in the raid that hit the MSF-supported hospital in the rebel-held northern province of Hajja, the Paris-based aid agency said, adding that one of its staff was among th ... read more


WAR REPORT
South American Egg Producer Invests in German Energy Plant Technology

Sewage sludge could make great sustainable fertilizer

Engineering a better biofuel

National Trust historic home enjoys 21st Century heat

WAR REPORT
SLAC, Stanford gadget grabs more solar energy to disinfect water faster

Material for polymer solar cells may lend itself to large-area processing

Tiny high-performance solar cells turn power generation sideways

New PV200 Combines Solar PV Tests With I-V Curve Analysis

WAR REPORT
OX2 wins EPC contract for 112 MW wind power in Norway

Wind power fiercer than expected

E.ON starts new wind farm in Texas

Offshore wind the next big thing, industry group says

WAR REPORT
New residential water heater concept promises high efficiency, lower cost

Warming climate likely to have 'minor' impact on power plant output

Low sales prices hit Czech power giant CEZ in H1

New MIT system can identify how much power is being used by each device in a household

WAR REPORT
Making nail polish while powering fuel cells

Solid batteries improve safety

Enhanced electron doping on iron superconductors discovered

Lithium-ion batteries: Capacity might be increased by 6 times

WAR REPORT
Scientists to unveil new Earth-like planet: report

Astronomers catalogs most likely 'second-Earth' candidates

Alien Solar System Boasts Tightly Spaced Planets, Unusual Orbits

NASA's Next Planet Hunter Will Look Closer to Home

WAR REPORT
Navy accepts new Littoral Combat Ship

U.S. Navy to team with Germany on undersea mine detection

Russia starts navy drills in eastern Med

Bechtel gets $64 million U.S. Navy nuclear contract modification

WAR REPORT
Limited power as Mar Lab approaches Murray Buttes

Opportunity going back for closer look at grooves seen in images

Mineral Veins on Mars Were Formed by Evaporating Ancient Lakes

Evidence of Martian life could be hard to find in some meteorite blast sites









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.