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Geopolitics

In Libya, Western Oil Companies Root For The Rebels

In Libya, Western Oil Companies Root For The Rebels

It is unlikely European oil companies ENI, Repsol and Total will be able to return to their operations in Libya if Muammar Gaddafi's regime remains intact.

(Rul)

The future of Western oil companies in Libya appears increasingly linked to the outcome of the rebellion against Muammar Gaddafi.

Spanish Repsol, French Total and Italian ENI all have facilities in the country. "Their governments are de facto at war with the Libyan regime," says Samuel Cisznuk, Middle East energy analyst at IHS Cera. "An eventual return to normality will be very difficult if the regime currently in place does not collapse."

Colonel Gaddafi has threatened to nationalize Western-owned oil installations on Libyan soil and hand them over to Russian and Chinese companies. ENI, which is 30 percent owned by the Italian state, produces 270,000 barrels per day in Libya. Its Libyan operation is its biggest foreign subsidiary and accounts for nearly 14 percent of its global output. "The Italians have the most to lose," says one expert.

Washington implemented a raft of economic sanctions on Libya last week. Worried about its future, ENI challenged sanctions proposed by the European Union to stop oil exports out of Libya.

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Society

Do We Need Our Parents When We Grow Up? Doubts Of A Young Father

As his son grows older, Argentine journalist Ignacio Pereyra wonders when a father is no longer necessary.

Do We Need Our Parents When We Grow Up? Doubts Of A Young Father

"Is it true that when I am older I won’t need a papá?," asked the author's son.

Ignacio Pereyra

It’s 2am, on a Wednesday. I am trying to write about anything but Lorenzo (my eldest son), who at four years old is one of the exclusive protagonists of this newsletter.

You see, I have a whole folder full of drafts — all written and ready to go, but not yet published. There’s 30 of them, alternatively titled: “Women who take on tasks because they think they can do them better than men”; “As a father, you’ll always be doing something wrong”; “Friendship between men”; “Impressing everyone”; “Wanderlust, or the crisis of monogamy”, “We do it like this because daddy say so”.

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