Economics

Qaddafi Advance Poses Eni Expulsion Risk From Libyan Oil

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Muammar Qaddafi may expel western energy companies from Libya should he snuff out the month-old armed rebellion against his regime, draining money from the economy and hurting exporters such as Eni SpA and Repsol YPF SA.

Qaddafi, 68, took control of Ras Lanuf and Brega oil facilities and moved near Benghazi, the center of the rebellion, as the United Nations Security Council voted to establish a no-fly zone over Libya.