Much of Gaddafi's fortune is safe in Ridderkerk

maddezmom

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Wed Feb-23-11 05:22 AM
Original message

Much of Gaddafi's fortune is safe in Ridderkerk

Source: DutchNews

Much of Gaddafi's fortune is safe in Ridderkerk
Wednesday 23 February 2011

A large part of Libyan leader Muammar Gaddafi's fortune is safe and well in Ridderkerk, just south of Rotterdam, the Volkskrant reports on Wednesday.

The paper says an office on the the Wolweverstraat is home to the Libyan state oil firm Tamoil as well as Verenex Energy, which extracts oil and gas in Libya, France and Canada. The office has a workforce of 35, the paper says.

According to its 2009 annual report, Tamoil booked net profit of €26m on turnover of €7.7bn.

Read more: http://www.dutchnews.nl/news/archives/2011/02/much_of_gaddafis_fortune_is_sa.php

link to paper
http://www.volkskrant.nl/vk/nl/2668/Buitenland/article/detail/1850893/2011/02/23/Kadhafi-s-miljarden-Die-liggen-in-Ridderkerk.dhtml

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Ghost Dog

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Wed Feb-23-11 05:32 AM
Response to Original message

1. But surely these are the property of the Libyan State,

not of the Gaddafis personally.

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Heywood J

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Wed Feb-23-11 06:37 AM
Response to Reply #1

2. After 42 years, how much separation is there? (NT)

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Demeter

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Wed Feb-23-11 09:31 AM
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3. That didn't Take Long

They must have been looking long before this little contretemps came up.

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muriel_volestrangler

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Wed Feb-23-11 09:56 AM
Response to Reply #3

4. Tamoil is openly owned by the Libyan state

which I didn't know before, but there's plenty of references to it (it almost sold it to an American private equity firm a few years ago, but the deal fell apart). It's a fairly common gas retailer in Italy, and some other European countries.

But as Ghost Dog says, it would seem fairly sure that such an obvious asset is owned by the Libyan state, and whoever is 'the state' at the end of this will end up with control over it.

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