The Libyan Transitional National Council said it was examining ways to
restore the nation's energy sector. The council said it was preparing to
sign contracts to restore Libya's refineries and facilitate production.
"When we do, the price will be set following negotiations with those
major oil companies that have refinery capabilities," the rebel council
said. "It should be noted that in the short term, we will only export enough
crude to meet our needs during these difficult times."
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The Gadhafi-ruled oil sector, particularly the state-owned Libyan
National Oil Co., has been under international sanctions.
Col. Moammar Gadhafi is said
to be negotiating with China and Russia to replace Western companies that
suspended energy projects in the North African state.