Reply #57: ****** ALL LAWFUL CONTRACTS WILL BE HONOURED ****** [View All]

[tabatha]

As the need to launch reconstruction quickly in Libya becomes apparent, and the country's need to re-establish government revenue desperate, the TNC has vowed to respect oil contracts in Libya—including contracts with companies from countries such as China and Russia, who were not seen as supporting the TNC's struggle to gain power.

"The contracts in the oil fields are absolutely sacrosanct," Ahmed Jehani, the head of the TNC reconstruction effort, told Reuters on 23 August, adding that "all lawful contracts will be honoured...There's no question of revoking any contract".

http://www.ihs.com/products/global-insight/industry-economic-report.aspx?ID=1065930253

Sorry, Italy just lost out in moving "to secure its share of the booty in Libya".