Gadhafi: nations competing to sell arms to Libya

Libyan leader Moammar Gadhafi said Thursday that Libya stands to profit from competition among Western and ex-Soviet nations for access to its lucrative arms market.

Gadhafi, who ended Libya's years of international isolation in 2003 when he renounced terrorism and gave up efforts to develop nuclear weapons, said the rivalry would allow Libya to get the most modern weapons for the best possible price.

He spoke in Kiev at the end of a weeklong tour to Russia, Belarus and Ukraine, all of which offered to supply Libya with weapons. He said Libya was also discussing possible arms deals with Britain, France and Italy.

Read more