facebook
twitter
rss
account
search
search
 

Pipeline company leaves Libya

April 10, 2013 at 8:52 AM   |   Comments

TRIPOLI, Libya, April 10 (UPI) -- The Libyan government understands the decision made by French pipeline company Ponticelli to pull out of the country because of insecurity, a spokesman said.

Ponticelli pulled its last employees out of the country. It was working as a subcontractor for a joint venture between the country's National Oil Co., French supermajor Total and Norwegian energy company Statoil.

The decision to pull its 43 employees out of the country was because of lingering security concerns following the terrorist attacks on the In Amenas natural gas facility in neighboring Algeria in early 2013, The Libya Herald reports.

Internal security has also handicapped Libya's ability to recover fully from civil war. Clashes at the Dahra oil field and similar incidents in western Libya halted shipments to Italy last month.

Economic Ministry spokesman Ahmed Abdusalam told the Libyan newspaper the government regretted the decision.

"There is no reason for employees from foreign companies to die for Libya," he said. "I cannot force them to stay."

The International Monetary Fund said last month that Libya's post-war economy remains too highly dependent on earnings from oil.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Thailand orders more aircraft from Airbus Helicopters Thailand orders more aircraft from Airbus Helicopters
4
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
5
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
Trending News
Around the Web
x
Feedback