| Libyan Oil Challenge - Monday 12th of May 2008 - 09:16:00 am (Tripoli Libya) |
The brilliant success achieved in the national oil sector by the Revolution has been a source of frustration for the imperialist monopolies. They are always ready to prevent any kind of progress achieved by people all over the world to control their wealth and destiny. Thus the American administration has attempted desperately to obstruct the march of progress in this field through:
A. Imposing an embargo on our importation of the basic spare Parts necessary for the oil industry.
B. Imposing an embargo on our importation of tools and modern technology equipment such as computers and their accessories.
C. Imposing an embargo on our expiration of crude oil and its products.
D. Imposing an embargo on our exportation of petrochemical products.
E. Issuing laws and regulations for a comprehensive sanctions concerning trade with the SPLAJ, which prevents American companies from conducting any business in SPLAJ, or with any Libyan entity.
These policies had no effect on the strong stand of Libyan Arab people refusing to be puppets, therefore those actions were completely foiled by the effective measures taken by NOC and its affiliated companies.
These measures were as follows:
1. Replacing the American operating companies with national ones, such as Zueitina Oil Company which replaced Occidental of Libya, Inc., and Waha Libyan Company which replaced Oasis Oil Company.
2. Making available a stock of strategic material, equipment and spare parts.
3. Establishing Joint Venture companies in the fields of specialised oil services, such as seismic survey companies.
4. Importing and installing modern computers to replace American computers.
5. Securing markets for crude oil products as well as petrochemical products.
The best evidence that sanctions imposed by the American administration were not successful was the confession of the administration itself in what was stated in a Briefing Report to Congressional Requesters prepared by the United States General Accounting Office in May 1987, titled "International Trade, Libya Trade Sanctions" , where it said, " The departure of U.S. Oil Companies from Libya has had little effect because the oil previously produced and sold by these companies is now produced and marketed by the Libyans providing them with additional revenues… In addition, the extension foreign availability of oil field equipment, supplies, and services allows Libya to meet its oil industry needs without having to rely on U.S. oil equipment and servicing companies".
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