Libya to Move on Oil Deal.

The article addresses the lack of progress made in Libya's state-owned oil sector since it was reopened in 2005. One of the options for the Libyan government is to allow the acquisition of China National Petroleum Corp. (CNPC) by Verenex Energy Inc. The reopening of the sector to foreign oil firms promised possible profits for the countryy and supply for the global oil market. The acquisition deal has been delayed by the government, causing the Canadian government to express its concern with Libyan authorities in managing the issue.