Compensation Hope For Firms
Source: Agencies |
November 24, 2011, Thursday
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Print Edition
Print Edition
CHINA said yesterday that Libya was ready to compensate Chinese companies that suffered losses during the country's unrest.
China has limited investment in exploring and producing oil in Libya, and is instead focused on servicing the sector, but has significant construction contracts there.
"We've noticed that the representatives from the Libyan transitional government, now the new government, have stated that the Libyan side is ready to compensate Chinese companies for their losses in Libya," Foreign Ministry spokesman Liu Weimin said. "We appreciate such positive remarks from the Libyan side and will continue to encourage Chinese firms to actively engage in the post-war reconstruction in Libya."
China has limited investment in exploring and producing oil in Libya, and is instead focused on servicing the sector, but has significant construction contracts there.
"We've noticed that the representatives from the Libyan transitional government, now the new government, have stated that the Libyan side is ready to compensate Chinese companies for their losses in Libya," Foreign Ministry spokesman Liu Weimin said. "We appreciate such positive remarks from the Libyan side and will continue to encourage Chinese firms to actively engage in the post-war reconstruction in Libya."
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