After two decades of abandonment and restoration the political relations between Libya and USA, that has been enhanced by raising name of Libya from list of countries that care terrorism recently, the business tongue became sound loudly.

No doubt that American long hand in oil industry with newest techniques makes many oil countries ambition to deal with the American machine to ensure high quality of performance, that realize the good class to produce oil and enjoy reputation regionally internationally .

Nine months ago have witnessed frantic activity in public relations between Libya and US in particular economical and commercial side, where a lot of businessmen and oil companies have flocked to Tripoli to discuss how to back to the Libya rich area .

In fact the abandonment between Libya and US was really obstacle prevented developing the Libyan oil industry , but shortly after restoration of political relation between Libya and US the Libyans began to impose their position as an important oil market in the region

The political crisis in Venezuela and Bolivia caused to exist some important and famous oil companies ConocoPhillips and Marathon oil from there that form remarkable number in Hioston of the oil industry in US.

Both aforesaid companies were working in Libyan oil fields, where they left after political tension between Libya and US in 1986, have a greed to pay up $1.3 billions to resort their activities in Libya .

Visit of Dr. Tahir Algihami security of planning to Washington to attend Arab US forum has emphasized that the US Libya economically relation would makes Libya as an important oil destination make Libyan ambition to eliminate the joblessness and to employ 400thousands cadres and to improve the level of income for a lot of Libyan families that through creation opportunities of work and training to contribute in the national economy, where they hope to make Tripoli as Hioston the capital of oil in the region.

Mohamed A.M.Sulaiman
01.07.2006
Libyaninvestment.com