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Not quite scramble time for Libyan investors after elections

Libya’s first post-Qadhafi elections had many positives. But clarity for investors is not yet among them

They passed peacefully, drew wide voter participation, and set Libya on a new, democratic path: major achievements for elections in a country that less than a year ago was fighting to topple a brutal dictator who did his best to repress civil society and democracy. What Libya’s vote in July did not do, however, was settle bigger questions about the country’s immediate future or assure international oil companies that stability is returning. The politics has now entered a new, muddier phase. Security remains a worry. For all the talk about expanding production capacity the prospects of new drilling, vital to increase reserves, are dim. For now, t

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