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25 Aug, 2011

Dash for Profit in Post-War Libya Carve-Up | Common Dreams

After five months of fighting in the world’s 12th-largest oil producer, industry figures are acutely aware that billions could be made in the coming years from rebuilding Libya. Immediate focus will fall on the country’s oil fields that are currently producing a 10th of the 1.6 million barrels a day that were exported pre-revolution.

There is also intense lobbying for the multibillion-pound reconstruction contracts that are likely to be offered once fighting ends. The Independent conducted a straw poll of more than 20 Western companies with previous business commitments in Libya. None would talk publicly about its plans but many admitted privately that they were keen to return once security allowed.

via Dash for Profit in Post-War Libya Carve-Up | Common Dreams.