Libya's New Face

Gaddafi's son is opening his isolated country to business--and Big Oil is looking for deals

In the auditorium of Tripoli's Corinthia Hotel, a number of Libyan officials sit onstage in dark suits and ties, addressing scores of Western executives in flawless English about the country's new business opportunities. A few feet away is a huge portrait of the most famous face in Libya, Muammar Gaddafi, in his trademark African robe and sunglasses, fist in the air, a defiant look on his face, as if to say to the roomful of businessmen, I still run things around here. But the businessmen don't seem to notice. Instead they are transfixed by a tall young man with wire-rimmed spectacles...