Sace, an export credit insurance company, has updated its bulletin for the Italian companies who invest in Libya, after the death di Gaddafi and the fall of the last stronghold of the Colonel's followers.
The NTC, the national settlement committee, recognized by over 100 countries around the world as the legitimate authority in Libya, had declared that, once the Rais died, he would resign to facilitate the organization of democratic elections.
The committee has demonstrated great skill in maintaining order in the areas under its control. However, many regions are still unstable: it will depend on their ability to ensure a peaceful and democratic transition.
The UN has updated the sanctions regime by removing some sanctions and easing some restrictions against the LIA, the national investment authority in which Finmeccanica holds a 2% stake.
Libya is one of Africa's major oil exporters and could return to producing crude oil at pre-crisis levels already towards the end of 2012, according to OPEC and NTC estimates (but according to other sources not before 2013-2014).
Eni has already started to reactivate some activities (from the Abu-Attifeel field to the Greenstream gas pipeline that connects Libya to Italy); the same did the French Total and the German Wintershall.
Download the Focus of Sace in pdf
Attachments: Focus On Libya_update_10.11.pdf
