Word: gaddafi
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...Brown and French President Nicolas Sarkozy - absent. While many African and Arab leaders as well as Venezuelan President Hugo Chávez were there, Italian Prime Minister Silvio Berlusconi was the only Western European leader to attend. Britain's Prince Andrew, who is scheduled to hold trade talks with Gaddafi this week, also canceled. (See the top 10 Berlusconi-isms...
...Read "The Lockerbie Brouhaha: Gaddafi's Bargaining Chip...
...None of this probably bothered Gaddafi, say Libya watchers, who believe the absences in the VIP stands were a superficial show of protest at Libya's reaction to al-Megrahi's release, rather than a sign of a rift between Libya and the West. "This is a significant country with an unusual leader, who uses his wealth to conjure up influence in places like Africa," says Richard Dalton, who was Britian's ambassador to Libya until 2002 and is now a fellow at the London think tank Chatham House. For the West, he says, Gaddafi is "much better to work...
...southern Italy - a valuable alternative to the politically unreliable Russian gas supplies, on which Europe is heavily dependent. U.S. officials have previously said that Washington's renewed links with Libya have proved an important source of intelligence; the U.S. dropped its sanctions and resumed diplomatic relations in 2004, after Gaddafi publicly renounced his nuclear-weapons program and created a compensation fund of about $1.5 billion for the families of those who died in the Lockerbie bombing. (Watch a TIME video...
...Gaddafi, the new friendship with Washington has been a smart investment that has paid off handsomely. About 45 Western oil companies now operate in Libya, investing billions each year in exploration and maintenance. "Quite a bit of damage occurred under sanctions because the oil reservoirs were not observed for many, many years," says Thamir Uqaili, a London-based independent oil consultant who spent years working in Libya. "They have caught up now in certain places...