Qaddafi Demise Will Expedite Libyan Crude Output, State Oil Company Says - Bloomberg

The death of former Libyan leader Muammar Qaddafi in his home town of Sirte will expedite the nation’s efforts to revive crude output to normal levels, the chairman of state-run National Oil Corp. said.

“This will help in getting a lot of fields back into production as soon as possible,” Nuri Berruien said today in a telephone interview from Libya. “Now that Sirte is liberated, people can move quickly. People can go to the fields that are in the west.”

Gunfire echoed across Libya’s main cities today as crowds poured into streets to celebrate the capture and death of Qaddafi, who ruled the North African nation for 42 years. The fall of Sirte, located along the main highway linking the eastern and western regions, will allow oil workers and engineers back to the fields, Berruien said.

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