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EU's Oettinger: Libyan oil fields no longer under Gaddafi's control

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    The exports of oil and gas from Libya...
  • 0:05 - 0:09
    ...for the European market are not inconsiderable.
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    But they are also not so large.
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    Libyan gas towards the EU... less than 3% of the total gas market.
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    Oil from Libya to the EU... barely 10 percent...
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    At this time, since a few days, we are observing that...
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    ...the production stopped - experts are missing...
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    But since this morning we hear that oil and gas production is being taken up again.
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    So then why not an oil embargo as sanction?
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    We have reason to believe...
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    ...that the majority of the working oil and gas fields...
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    ...no longer are under the control of Gadaffi.
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    But the ownership is now with regional tribes...
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    ...families, or regional tentative leaderships...
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    ...who have taken over the power from Gadaffi.
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    It would be a wrong sign if we were to...
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    ...punish the wrong parties.
  • 1:40 - 1:47
    ...by imposing an import stop, without a concrete regional consideration....
  • 1:47 - 1:50
    We would punish those that are on the right track.
Title:
EU's Oettinger: Libyan oil fields no longer under Gaddafi's control
Description:

The European Union's Energy Commissioner Gunther Oettinger on Monday told a press briefing was confident there would be no Libyan oil blockade as oil fields had fallen into local hands.

Some earlier reports had suggested that Gaddafi would burn oil as a warning to the West as he continues to hang onto power in Tripoli.

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Video Language:
German
Duration:
01:56

English subtitles

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