By Kate Sheppard at Mother Jones
Too soon? While rebel forces have captured most of Tripoli, loyalists to Muammar Qaddafi are still holding onto outposts in the city and the dictator has not yet ceded power. (See our Libya explainer for more.) But BP and other oil companies are already gunning to get back in.
The Wall Street Journal reported Monday morning that although BP doesn’t have any firm date yet on when it will resume work on its exploration program in Libya’s Gulf of Sidra, the company is committed to returning to the country.
The U.K. oil major had begun work on a $900 million exploration program in the North African country when it halted operations in February following the uprising against Col. Gadhafi and the subsequent outbreak of civil war.
BP said it hasn’t yet entered into any commercial transactions with the Transitional National Council.
Because its exploration project was still in its early stages of development, the company didn’t have much infrastructure in the country when war broke out. However, a rig in the desert near Ghadames was made as "safe and secure and possible," although this will still have to be accounted for.
Continue reading: The Oil Rush is Back on in Libya | Mother Jones.
