CCTV.com - CNTV English - CCTV News

Libya transitional gov't makes oil a priority

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

Watch Video

Play Video

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

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program