Bush allows U.S. businesses into Libya

[Dark]

http://www.msnbc.msn.com/id/4816708/

President Bush on Friday cleared the way for American companies to do business in Libya, easing Reagan-era economic sanctions as a reward to Moammar Gadhafi for giving up weapons of mass destruction.

The easing of sanctions imposed in 1986 and those imposed under a 1996 Libya sanctions law will allow a resumption of oil imports from Libya

It also will permit American oil companies to resume commercial activities in Libya. Marathon, ConocoPhillips, Amerada Hess and Occidental all have assets in Libya but have been barred by the U.S. government from operating there since 1986.

The main remaining sanction is Libya’s presence on the U.S. list of state sponsors of terrorism. Nations on the list are barred from receiving arms-related exports or sales of U.S. origin or receiving U.S. economic assistance. The U.S. government also is barred from supporting loan requests from such countries in international lending institutions.

[Moderator]

1. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x505976