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The Libyan NTC hopes to restart oil production "within days"

September 02/2011

(Arabian oil and gas) -- Anti-Gaddafi forces have not yet cracked the Libyan dictator's stronghold of Sirte, the Colonel remains at large apparently within the country, and oil infrastructure remains ablaze, but the Libyan NTC hopes to restart oil production "within days", according to Ali Tarhouni, the NTC's oil minister.


"In the next few days we expect a lot of oil wells will be rehabilitated," Tarhouni told Reuters. Tarhouni has not specified which wells will come back on line so soon or whether they will be used to meet domestic demand or be used for cash-raising exports.


International Oil Companies have made it clear that they aim to return to Libya under their pre-war contracts as soon as possible, with Italian firm Eni stating that the recently-repaired major Greenstream gas export  pipeline to Italy will be running again by mid-October, and Spanish firm Repsol saying production at their fields could restart within weeks.


However, concerns remain over security, after several oil fields have been found to have been planted with land mines by retreating Gaddafi forces.


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