OPEC Set To Recognize Libya's NTC After UN Vote

OPEC Set To Recognize Libyas NTC After UN Vote
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Τρι, 6 Σεπτεμβρίου 2011 - 18:27
The Organization of Petroleum Exporting Countries is set to admit the National Transitional Council as Libya's representative after the United Nations recognizes it as the legitimate government, people familiar with the matter said this week.
The Organization of Petroleum Exporting Countries is set to admit the National Transitional Council as Libya's representative after the United Nations recognizes it as the legitimate government, people familiar with the matter said this week.

"They [OPEC] are waiting for the U.N." to recognize the NTC before following suit, one person said. The U.N. is widely expected to vote in favor of the NTC when it meets at its next session starting Sept. 13, following the fall of the regime of Col. Moammar Gadhafi.

A lack of clarity on who would represent
Libya added to the confusion at an acrimonious OPEC meeting that ended up with no decision in June.

A representative of Gadhafi's regime did turn up late at the June meeting. But with the fall of the colonel it is not clear who will represent
Libya at OPEC's next meeting due Dec. 14.

Until now,
Venezuela , a key OPEC member, has staunchly opposed the NTC's recognition, making its admission to OPEC more difficult, the people said.

But most other members are now favoring it and the U.N. would lift any objection, the people said. "Even
Algeria is not opposing them [NTC's representation in OPEC] as they were present at the Arab League vote," one person said.

Algeria has been widely accused of supporting Gadhafi--an allegation it denies--and opposed a foreign intervention in support of the rebels.

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