Monday, 24 October 2011

Post-war production - Zawya

With Colonel Muammar Gaddafi now dead, all eyes have moved to Libya's prized oil assets and how quickly the National Transitional Council can get oil production up and running to feed Libyans which now have much greater expectations from the new leadership.

It's ironic that the man who used his formidable oil assets as a weapon to hold his people - and the world - hostage, saw little reaction from oil markets upon his death.

The market fluttered briefly, dipping lower on news that the self-appointed 'king of kings' had been shot by rebel fighters, but it was quickly outweighed by news that France and Germany planned a summit to address the euro zone debt problems - the oil maverick's death was a mere blip in the day's trading session.

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