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Source: Reuters

September 2, 2011

By John Irish

PARIS, Sept 2 (Reuters) – With infrastructure damage from Libya‘s six-month conflict fairly limited, foreign oil companies should return as fast as possible to restore oil production, the interim administration’s reconstruction minister said on Friday.

In an interview with Reuters during a meeting with donor groups and post-conflict rebuilding experts, Ahmed Jehani said oil would be key to getting the economy running again and foreign contractors were needed for their technical expertise.

“The issue of damage is not much and you can get procurement very fast. This is helped by fact the producing wells are under contract to international firms, if they feel they can deploy their people,” said Jehani.

He could not say how quickly Libya, which has Africa‘s largest oil reserves and boasts top-quality crude, could see its output back at pre-war levels of 1.6 million barrels per day.

“We could go back to normal levels if you have the companies coming back to operate fields and then they can judge,” he said. “The parts under Libyan management we could get up very fast.” Read more.