bepari wrote:While they fight,the western pigs are siphoning the oil. Bloody bure kabisa.
At least you can see what half of Africa does not see. We need to lead the blind.
In September of 1973 Libya issued a 16-article law nationalising 51% of the assets of all remaining oil companies operating in Libya. This policy was not outright nationalisation, but part of a general program Libyanizing the economy. Dr Mahmoud Elwarfally suggests in his book on the Libyan oil industry that a total nationalisation could not be pursued until a Libyan staff of technicians and experts was ready to take over.[10]
Over the course of 1973, Libya also played an active role in the Arab oil embargo on the USA in the wake of the Yom Kippur war between Israel and its Arab neighbours.[11] In 1974 further nationalisation activity took place, with Gaddhafi nationalising three US companies by seizing the remaining 49% share of California Asiatic Company, American Overseas Petroleum Company and the Libyan-American Oil Company.
By 1975 the assets of almost all companies working in Libya were either fully nationalised (such as BP) or majority owned by the Libyan State, who held a 63% of the assets of German Wintershall, 85% of Austrian OMV, 59.2% of the Oasis Group and 50% of the assets of Italian Agip.
http://wiki.openoil.net/..._Industry_Under_Gaddafi
Muammar Gaddhafi was a real man. He took over Libya when he was only 27yrs old.
"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.