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Libya: Rebels eye major refiners for help after Gadhafi's departure

07/18/2011
Eric WatkinsOil Diplomacy EditorLibya's Transitional National Council, comprised of forces opposed to the rule of Moammar Gadhafi, said it plans on contracts with integrated international oil companies when the time comes to resume production."When we do, the price will be set following negotiations with those major oil companies that have refinery capabilities," TNC said, adding, "It should be noted that in the short term, we will only export enough crude to meet our needs during these difficult times."TNC also noted that it is still mulling the future of Libya's National Oil Co., which is now under international sanctions."NOC is currently subject to internation...
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