Biz Watch

It's Already in The Pipeline
When the United Nations lifted sanctions against Libya on Sept. 12, some expected a quick inflow of investment to the longtime pariah state. There was money to be made, right? Would Muammar Gaddafi have spent billions to pay off terror victims if he didn't expect a return? But most of the interested players are already there. European oil companies — including France's Total, Spain's Repsol, Germany's Wintershall and Italy's Eni — maintained a dormant presence in Libya after U.N. sanctions were imposed in 1992 for Tripoli's suspected role in the 1988 Lockerbie bombing. They...

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