Related
Former Libyan rebels lift siege of government… 12/05/2013 09:15 CET
Libyan militia go home as BP pulls out employees from… 12/05/2013 19:03 CET
Gunmen surround Justice Ministry in Libya 30/04/2013 17:26 CET
Probe launched into alleged Gaddafi funding of… 20/04/2013 09:05 CET
Gaddafi’s cousin arrested in Egypt 20/03/2013 07:37 CET
Libya’s rebel government has said it will honour all energy contracts granted legally under Muammar Gaddafi’s rule.
That followed concerns among Chinese and Russian firms that they could lose out on contracts for their governments not backing the rebellion.
The man in charge of reconstruction for the rebels, Ahmed Jehani of Libya’s National Transitional Council, said: “All contracts will be honoured. All lawful contracts will be honoured, whether they are in the oil and gas complex or in the contracting. At the moment it is not for this government to decide whether they will be revoking any contract.”
Jehani said reconstruction efforts to restore oil output to pre-war levels would take between nine months and one year.
The work is already underway with the rebels calling oil workers back to restart the Ras Lanuf and Brega oil facilities.
More about: Armed conflicts, Libya, Muammar Gaddafi, Oil marketCopyright © 2013 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
Greek court orders state broadcaster to reopen
A Greek court has ordered state broadcaster ERT back on air after ruling that the government acted illegally in abruptly shutting it down. The move comes less than a week after Prime Minister Antonis Samaras closed it down suddenly claiming the operation was corrupt and it need…
Assad warns Europe will pay a price if it supplies arms to…
As Russia and the West clash over how to bring an end to the Syria conflict, President Bashar al…
G8 leaders push for transatlantic trade deal but it’s…
Diplomatic 'bons amis' apart British Prime Minister David Cameron is discovering that hosting a G8…
latest economy news
France Telecom boss keeps his job – for now- Europe and US free-trade talks set for July
- UK’s Co-op Bank agrees rescue plan
- Spain’s trains cut journey time to the coast
- IMF warns the US on growth
- Mobile phone roaming fees set to go
- EU complains to WTO over Chinese stainless steel duty
- Greek unemployment climbs again
- French cheer EU anti-fair trade moves
- British job market perks up, real wages down
