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The Lessons Learned From the Revolution Command Council Negotiations
Gaddafi gave a speech in which he said that the oil prices in existence were completely unfair and we're going to fix it. The men at the Revolution are command-council got the base issue resolved. They turned to the oil issue. It will take 18 months to resolve a complicated financial settlement, but by March 1971, Gaddafi will strike the Tripoli Agreement. This brings the foreign-owned petrol-chemical industry into Libyan control.