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Libya will not resume oil production

05-30-2011 18:27 BJT Special Report:Int'l Intervention in Libya |

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The Libyan rebels' finance minister has announced that the oil fields located in the eastern half of the country under opposition control will not resume production until it is safe to send workers to the fields.

Earlier this week, the minister for oil in Libya's National Transition Council said that the proposed new government will make oil production a priority after Muammar Gaddafi leaves office. The country's oil accounts for just under 2 percent of world production. 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 oil production have 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.

Editor:Xiong Qu |Source: CNTV.CN

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