News24

BP to return to Libya

2011-08-22 21:11

London - British energy giant BP said on Monday that it would seek to return to Libya to continue its exploration programme "when conditions allow" as dictator Muammar Gaddafi faces imminent defeat.

"We intend to resume our activities and return to the country when conditions allow," a BP spokesperson told AFP.

The London-listed oil giant had already evacuated its expatriate staff in February when a popular revolt broke out against the regime of strongman Gaddafi.

BP's Libyan operations are still in the early stages of development so the company did not have much infrastructure there.

The spokesperson added that BP had been about to start drilling in the desert in the Ghadames basin, while it was keeping in contact with its 100 local staff who remain in Libya.

A 2007 accord with Tripoli had allowed BP to drill in the Mediterranean's Gulf of Sirte at depths of around 1 700m and at the onshore site near Ghadames.

The deal has faced criticism in the United States, with suspicions that BP lobbied for the release of the Lockerbie bomber, Abdelbaset Ali Mohmet al-Megrahi, to push through the agreement.

Libyan Megrahi is the only person ever convicted of blowing up a US airliner over the Scottish town of Lockerbie in 1988, killing 270 people, mostly Americans.

Megrahi, who has terminal cancer, was said to be only three months from death when he was freed from a Scottish jail on compassionate grounds on August 20 2009.

Two years later he is still alive , appearing at a meeting in support of Gaddafi last month.

Comments
  • nn.prv - 2011-08-22 21:18

    Oh so Thats why the British are there with NATO,to siphon the Libyan resources !

      john - 2011-08-22 23:10

      Erm, BP was already conducting exploration during Gaddafi's rule. They'll return and resume that work once the unrest dies down a bit. Try to keep up.

      Jeff - 2011-08-22 23:31

      Well how else do you get that fuel you put in your car

      slg - 2011-09-04 18:20

      Siphon Libya's resources? How then did Libya get all that money from its oil resources if it was siphoned off? You're not making sense. Google the oil industry and do some research.

  • feppie - 2011-08-22 21:56

    Libya colonised by NATO! Why not also disclose the NEW arrangements under which BP will return - with England being one of the PUPPET MASTERS and all! This was what it was all about! Even as the blood of the Libyans are still flowing in the streets of Tripoli, the hyena(NATO) are gripping the prey by the neck and extracting their BLOOD/OIL. THIS IS WHAT IT'S ALL ABOUT - UNRESTRICTED ACCESS TO AFRICA'S RESOURCES.

      feppie - 2011-08-22 22:08

      THIS IS THE REAL LOOTERS :(

      feppie - 2011-08-22 22:08

      THIS IS THE REAL LOOTERS :(

      slg - 2011-09-04 18:24

      A strange and twisted view of the world, dark and wrong. Is the Arab League a puppet master too, Turkey as well a country of 73 million Muslims? Why on Earth would the Arab League want to colonize Libya's oil? Oil contracts are awarded to the highest bidders by open tender, except under Gadhafi who was corrupt and pocketed billions of dollars belonging to the Libyan people. This time is thankfully over. Libyans stand to benefit more form their resources and most importantly they'll have the fundamental human right to elect their leaders.

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