Friday 10 June 2011

FT.com - Libya emerges as Opec’s big winner

Libya’s regime has scored a rare diplomatic success by emerging from this week’s Opec meeting with its output quota intact and its seat at the table secure despite pumping scarcely any oil.

Omran Abukraa, a former head of the Libyan electricity board and a loyal apparatchik in Muammer Gaddafi’s regime, was allowed to travel to Vienna to represent his country at Wednesday’s Opec ministerial meeting.

His presence deprived the rebel movement of an opportunity to seize Libya’s place at the Opec table. Shokri Ghanem, the oil minister, joined the rebels’ ranks when he announced his defection from the regime last month.

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