Sonntag, 18. September 2011

German Companies Won't Suffer On Libya Rebuilding Plans-Report

FRANKFURT -(Dow Jones)- German companies won't be at a disadvantage to getting contracts for rebuilding Libya, despite the German government's rejection of the NATO military intervention in the country, a member of the Libyan National Transitional Council, Mansour Saif Al-Nasr, tells German magazine Focus in an interview published Sunday.

"Even though Germany was against the military action...it has accepted the provisional government," he is reported as saying. Therefore, "we can forgive and are grateful for every help," Al-Nasr says.

"The transitional government has made it clear that all the old international treaties which have been closed properly and transparently, will, in principle, continue to remain valid," he said when asked about problems with the contract extension for German oil and gas company Wintershall AG, a part of the BASF AG (BAS.XE) group.

Magazine website: http://www.focus.de

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