Monday, October 03, 2005

China Out in the Cold

The latest round of licences for developing Libya's oil and gas reserves have been split between the US and European interests. (registration required for

This is in marked contrast the success that Asian energy companies like Sinopec have had elsewhere. The appointment of licences to Exxon, Statoil and Total is as much about Libya's desire to come in from the diplomatic cold as it is about business.