Tag Archives | China

China says Libya ready to compensate Chinese companies

China said on Wednesday that Libya was ready to compensate Chinese companies, raising the possibility that Chinese businesses that suffered losses during the country's unrest may receive some payment. China has limited investment in exploring and producing oil in Libya, and is instead focused on servicing the sector, but has significant construction contracts in the […]

Pragmatic China goes to work in new Libya

China faces mounting challenges in its struggle to build favour and protect its business interests and infrastructure projects in Libya after being seen to be slow-moving in its support for the African oil-producing country's transitional government. Analysts say Beijing has been subtly changing its tone and tactics since the death of Colonel Muammar Gaddafi last […]