Libya to Honor All Legal Oil Deals: Jehani
Source: Reuters, Mahmoud Habboush (8/24/11)
"Reconstruction efforts to bring oil and other industrial infrastructure back to normal would take at least nine months."
Libya's rebel government will honor all energy contracts granted legally under Muammar Gaddafi's 42-year rule and work to restore oil output to pre-war levels within a year, said rebel reconstruction leader Ahmed Jehani.
"The contracts in the oil fields are absolutely sacrosanct," Ahmed Jehani, the head of the National Transitional Council's (NTC) reconstruction effort, told Reuters Insider TV late on Tuesday.
"All lawful contracts will be honored. . .There's no question of revoking any contract." Jehani said reconstruction efforts to bring oil and other industrial infrastructure back to normal would take at least nine months. . .View Full Article