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Libya transitional gov't makes oil a priority

05-30-2011 14:09 BJT Special Report:Int'l Intervention in Libya |

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The minister for oil in Libya's eastern National Transition Council has announced that the proposed new government will make oil production a priority as it faces the uphill battle of rebuilding the country's economy.

The country's oil accounts for a quarter of Italy's supply. It's the first major oil exporter to be thrust into acute turmoil since protests began sweeping the Middle East since January.

An estimated three to four hundred thousand barrels per day of Libya's 1-point-6 million barrels per day production has been halted as companies evacuate staff and suspend operations. As the revolt aimed at ending Gaddafi's 41-year rule intensifies, oil infrastructure could become a key target.

Ali Tarhuni, Oil Minister of Libyan National Transition Councial, said, "The main issue with oil now is the protection of oil fields and the protection the workers. I think even our friends have to be reminded that we are in a war and not only that I am trying to manage this economy, a war economy, I do not have any resources, not a single dime is coming into the treasury, not a single dime."


Editor:Zhang Jingya |Source: CNTV.CN

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