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Of significance, China plays a central role in the Libyan oil industry. The total Chinese workforce in Libya was of the order of 30,000.

While there are no figures on the size and importance of CNPC’s production and exploration activities, there are indications that they are sizeable.

More generally, China’s presence in North Africa is considered by Washington to constitute an intrusion.

The (alternative) BP Statistical Energy Survey (2008) places Libya’s proven oil reserves at 41.464 bn barrels at the end of 2007 which represents 3.34 % of the world’s proven reserves. Oil is the “trophy” of US-NATO led wars An invasion of Libya under a humanitarian mandate would serve the same corporate interests as the 2003 invasion and occupation of Iraq.

The underlying objective is to take possession of Libya’s oil reserves, destabilize the National Oil Corporation (NOC) and eventually privatize the country’s oil industry, namely transfer the control and ownership of Libya’s oil wealth into foreign hands.

The financial stakes as well as “the spoils of war” are extremely high.

The military operation is intent upon dismantling Libya’s financial institutions as well as confiscating billions of dollars of Libyan financial assets deposited in Western banks.

Libya: Strategic Saharan gateway to Central Africa Libya has borders with several countries which are within France’s sphere of influence, including Algeria, Tunisia, Niger and Chad. Exxon Mobil and Chevron have interests in Southern Chad including a pipeline project.

Southern Chad is a gateway into the Darfur region of Sudan, which is also strategic in view of its oil wealth. CNPC signed a far-reaching agreement with the Chad government in 2007.

The objective of US-NATO interference is strategic: it consists in outright theft, in stealing the nation’s oil wealth under the disguise of a humanitarian intervention.

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