Oil companies restarting operations in Libya - Washington Post

Over the years, the oil industry has managed to deal with shahs and sheikhs, kings and colonels, dictators and even democracies. So even before the death of Libyan leader Moammar Gaddafi, international oil companies were getting acquainted with his successors and figuring out how to reboot the North African nation’s oil sector.

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Paolo Scaroni, the chief executive of Italian oil giant ENI, met with the Libyan rebel government, the Transitional National Council, in April. The company, which was the biggest operator in Libya during the Gaddafi era, has already restarted its activities. ENI has been told that its contracts remain in effect and last week reactivated its Greenstream pipeline, which carries large volumes of natural gas from Libya to Italy. Before the fighting, the pipeline supplied about 10 percent of Italy’s natural gas.

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Gallery  Moammar Gaddafi had ruled Libya for more than 40 years. His legacy ends as revolutionary fighters capture his hometown stronghold of Sirte, and his death is confirmed by Libya’s prime minister.

Oil companies restarting operations in Libya - Washington Post