The yield on the pre-war level of oil production in Libya could take years – FT

The publication notes that before the military conflict in the country produces about 1.6 million barrels of oil per day, but during the six-month standoff production, according to industry estimates, decreased to 50 thousand barrels of oil per day. Consultants and business representatives believe that the fall of the regime would allow Libya Kadaffi produce up to 300 thousand barrels of oil per day, using the fields in the east, which were under rebel control, as well as in the more remote southwestern desert. But a way to pre-crisis level of production would take two to three years under the most favorable conditions. "I am skeptical about the fact that Libya's return to the previous level of production until 2013 or so" – believes an expert on Libya at PFC Energy, Ben Cahill (Ben Cahill). The Company Wood Mackenzie in a report released last week, said that the recovery in production in the country will take around 36 months. In mid-February in Libya began mass demonstrations calling for the withdrawal Muammar Gaddafi, ruling the country for over 40 years. Speeches escalated into armed confrontation between government forces and rebels. It became known that the opposition seized the order of 80-95% of Tripoli. In turn, the rebels themselves, who have taken to Libya almost entirely under his control and warned the Russian company, which may deny them access to oil fields in the country. The rebels believe that Russia provided them with little support in opposing the regime Gaddafi.