2:00am

Fri September 16, 2011
Africa

Libya's Oil Production To Resume Shortly

Libya is poised to bring its major source of wealth back on line in a matter of days. Oil profits will be vital to a government that has much of its money tied up in frozen overseas assets. The Transitional National Council has said repeatedly it will honor all the contracts made with oil companies by the Gadhafi regime. Critics say those contracts were riddled with corruption.

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