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East-West Debt may 2005 news, update : LIBYAapril-may 2005 EW Debt news [PDF]


First step towards return of US oil companies to Libya

The United States has formally resumed diplomatic ties with Muammar Gadaffi’s government in Libya after 24 years.
Libya’s ties with the West have strengthened since it renounced weapons of mass destruction in December 2003.
The result is that the Libyan government is now prepared to resume talks with the old western trade partners to settle outstanding debts and to talk about new investments in the country.


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