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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Financial heist of the century: Confiscating Libya’s sovereign wealth funds (SWF)

Posted on 25 April 2011

The objective of the war against Libya is not just its oil reserves (now estimated at 60 billion barrels), which are the greatest in Africa and whose extraction costs are among the lowest in the world, nor the natural gas reserves of which are estimated at about 1,500 billion cubic meters. In the crosshairs of “willing” of the operation “Unified Protector” there are sovereign wealth funds, capital that the Libyan state has invested abroad.
The Libyan Investment Authority (LIA) manages sovereign wealth funds estimated at about $70 billion U.S., rising to more than $150 billion if you include foreign investments of the Central Bank and other bodies. But it might be more……………………………………….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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