In Benghazi, rebels have said that Libyan soldiers had joined the rebels in securing vital oil industry facilities around that part of the country. Some oil industry workers fleeing across the Tunisian border in recent days said they had seen Libyan soldiers fire their weapons to drive off foreign mercenaries or other security forces who had approached oil facilities not far from here.Too soon to know how much emphasis to place on this, but certainly worth watching. If the rebels can keep society organized well enough for the oil to keep flowing, the externalities to the rest of the world will be a lot less severe. Money to fund the rebellion, too. Qaddafi has certainly made himself a pariah at this point, and it's devoutly to be hoped that the rebels succeed both in displacing him, and in creating a better society afterwards.
Hassan Bulifa, who sits on the management committee of the Arabian Gulf Oil Company, the country’s largest oil producer, said Sunday that the rebels control at least 80 percent of the country’s oil assets, and that his company, based in Benghazi, was cooperating with them. The company resumed oil shipments on Sunday, loading two tankers at a port in Tobruk, Mr. Bulifa said. The ships — one bound for Austria and the other for China — represented the company’s first shipments since Feb. 10.
Although the revenue from those sales goes the company’s umbrella organization, Libya’s National Oil Company, Mr. Bulifa said Arabian Gulf Oil had ceased any coordination with the national company, though it was honoring oil contracts. And he insisted the proceeds would ultimately flow to the rebels, not Colonel Qaddafi. “Qaddafi and his gangsters will not have a hand on them,” he said. “We are not worried about the revenues.”
Monday, February 28, 2011
This is interesting: