TRIPOLI, Libya (AP) — The British trade minister said Monday that his country’s businesses are eager to take part in the rebuilding of Libya, but that he does not expect preferential treatment in return for the U.K.’s support of rebels.
Libya sits atop Africa’s largest proven reserves of conventional crude, raking in $40 billion in revenue last year from oil and gas exports. Still, experts say it could take more than a year to get Libya back to its prewar production rate of 1.6 million barrels per day.
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