Libya: David Cameron and Nicolas Sarkozy host victory summit as scramble for oil wealth begins
Russia has finally moved to recognise Libya’s victorious rebels as Moscow seeks to muscle in on postwar reconstruction and to protect its economic interests in the oil-rich North African country.
As David Cameron joins Nicolas Sarkozy for a post conflict summit with over 50 countries, Nato and the United Nations in Paris, Russia dropped its opposition to military intervention in Libya and demanded that rebels honour lucrative energy and construction contracts signed by Gaddafi and worth billions.
The French newspaper Liberation reported on Thursday that it had obtained a letter showing that the rebels had agreed to give France priority access to 35 per cent of Libya’s oil.
Russia and China, which were both critical of the Nato intervention, will battle to keep their economic influence in a post-Gaddafi Libya in scramble with British and French companies for oil wealth and contracts to rebuild the war torn country.
http://www.telegraph.co.uk/news/worl...th-begins.html
So the feast is about to start. Should be a spectacle of epic proportions. Go Sarky!