Muammar al-Gaddafi
However, the story became even stickier for BP as the week ended. While its prices were at their disaster mode low, wealthy Libyan oil moguls were vying for a controlling stake in BP. Shokri Ghanem, chairman of Libya’s Nation Oil Co., with which BP is now doing business with, told Dow Jones Newswires that he will recommend investing in BP to the country’s sovereign wealth fund. Ghanem said in an interview, “BP is interesting now with the price lower by half and I still have trust in BP, I will recommend it to the [Libyan Investment Authority] … It’s a good opportunity for bargain hunters.” BP shares jumped 5 percent on the news out of Libya.
Muammar al-Gaddafi
Muammar al-Gaddafi
Muammar al-Gaddafi
Muammar al-Gaddafi
Muammar al-Gaddafi
By way of background, Abdelbaset Ali Al Megrahi was jailed in the U.K. after being convicted in 2001 for planning and implementing the destruction of Pam Am flight 103 over Lockerbie, Scotland on December 21, 1988, killing all 259 people aboard, mostly Americans, plus 11 civilians on the ground, hit by the falling debris. In 2009, when doctors reported that he was terminally ill with prostate cancer with no more than nine weeks left to live, the U.K. released him on humanitarian grounds, allowing him to live his final days at home.