Home > Notable Peace News > Rebels, Gaddafi Forces Battle Over Libyan Oil Port | The Huffington Post

Rebels, Gaddafi Forces Battle Over Libyan Oil Port | The Huffington Post

BREGA, Libya — Leader Moammar Gaddafi says Libya’s oil fields and ports are “safe” and “under control.”

He said Libya will replace Western banks and companies by others from China, Russia and Brazil.

He spoke in the capital Tripoli as his forces were launching a counteroffensive Wednesday against the rebel-held eastern half of the country. His forces battled government opponents for control of a key oil installation and airstrip on the Mediterranean coast.

Read more here: Rebels, Gaddafi Forces Battle Over Libyan Oil Port | Huffington Post.

MORE ON LIBYA

NEW YORK — U.S. President Barack Obama’s executive order freezing $30 billion in assets of Muammar Gaddafi, his family and the Libyan government could impact several U.S. banks and private equity firms, including Goldman Sachs, Citigroup, JPMorgan Chase and the Carlyle Group. The Obama administration described it as the largest seizure of foreign funds in U.S. history.

Read more from the The Huffington Post here: Libya’s Billions Invested In U.S. Private Equity, Big Banks.

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