Oil exports may start after Gaddafi: Libyan group - Times of India

ISTANBUL: The Libyan opposition says the country could be exporting 1 million barrels of oil per day within three to four months after Muammar Gaddafi's fall from power.

Ali Tarhouni, the finance minister of the National Transitional Council, told The Associated Press on Friday Libya could be exporting "something like 100,000, 200,000 barrels a day" within a week after Gaddafi's ouster.

Libya currently exports no oil, and its absence from the world market has contributed to the rise of the price of oil.

Tarhouni said a little under half of Libya's oil fields were in rebel-controlled areas. But a lack of security and some damage to some of the oil fields was preventing the resumption of oil production.

Tarhouni said Gaddafi's forces could attack if less-damaged fields were to resume production.

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