French President Nicolas Sarkozy, together with British Prime Minister David Cameron, the host of the meeting between "the Libyan friends' in Paris on Thursday afternoon. The meeting will take place on day 42 years after Muammar Gadafi took power in a coup.[h=1]- France is a third of Libya's oil[/h]France has signed an agreement on Libya's oil resources, writes the newspaper Libration.
Updated: 01.09.11 at. 1:03 p.m. Published: 1/9/11 at. 11:40
Agreement shall have been signed with the Libyan rebels, who have received much support from France after the Civil War broke out in the spring.
Libration refers to a letter from the rebel National overgangsrd to the Emir of Qatar dated 3 April. It referred to an agreement to "allocate 35 percent of the crude oil to France in exchange for the country's total and permanent support for our advice."
[h=2]- Logical[/h]The French newspaper writes about the lucrative contract the same day as world leaders gather in Paris for a conference about Libya's future.
State and Government and other representatives from a total of around 50 countries attending the meeting, including Prime Minister Jens Stoltenberg (Ap).
French Foreign Minister Alain Jupp said Thursday that he believes it is "logical" that France and other countries that have helped the transitional Council to power, taking part in the reconstruction of Libya.
- There is an announcement of the transition council, but I'm not aware of a formal agreement. We are not alone. Italy is also included, and the Americans. This operation in Libya at a significant cost. There is also an investment in the future, because a democratic Libya would contribute to stability, security and development in the region, says Jupp further, according to Reuters.
Moustapha Abdeljalil in Libya overgangsrd has recently announced that the countries which took a leading role, will be rewarded for their efforts.
- It seems fair and logical to me, says Jupp the radio station RTL.
[h=2]Black Gold[/h]Libya's oil reserves equivalent to 44 billion barrels of oil, according to Le Figaro . Up to 2010 produced Libya 1.8 million barrels of oil a day . France was the second largest importer of oil from Libya after Italy. 15 percent of France's total oil imports from Libya.
29. August signed the Italian oil giant ENI, an agreement with the transitional Council to restore its oil production in Libya. It was also agreed that gas supplies through pipelines to the Mediterranean to Italy to start again.
[h=2]Will free up funds[/h]A main issue at the Paris meeting that starts today will be the release of Libyan funds frozen in foreign accounts. The transitional Council is now working hard to get liberated Gadafis frozen billion.
The UN sanctions committee has previously approved the U.S. and UK release $ 1.5 billion each. France followed suit Thursday morning and freed up 1.5 billion euros, writes Le Parisien .
Foreign Minister Jupp emphasizes the need to help the rebels now in the process of taking over power in the country:
- We must help the National Transition Council because the country lies in ruins, the humanitarian situation is difficult and there is a lack of water, electricity and fuel.
[h=2]Rewarded for effort[/h]If countries are to be rewarded for the efforts of Libya's release, it is likely that France and the UK, runs off with the biggest piece of cake. These countries took the initiative to the Decree of 1973 in the United Nations that allowed an armed action against Gadafis forces, writes Le Figaro.
Russia, China and Brazil can probably look far for oil contracts since the governments of these countries were against the war on Gadafi regime.
