Libya, the insurer "Sinosure" is paying a heavy bill

Chinese companies involved in Libyan projects have already received more than 52 million USD in compensation from credit insurer Sinosure. The latter may end up disbursing almost 1 billion USD to Chinese companies compelled to give up the projects they undertook to achieve in Libya. Over 75 Chinese companies were operating in Libya where they participated in 50 major projects totalling 18.8 billion USD.