Libyan rebels say control oil fields, honour deals

Tom Pfeiffer
Reuters
Friday, February 25, 2011

BENGHAZI, Libya, Feb 25 (Reuters) – Rebels in eastern Libya said on Friday they now controlled most of the oil fields east of the town of Ras Lanuf, and said they would honour oil deals as long as they were in the interest of the people.

The eastern Libyan town of Brega and its oil terminal are under rebel control, and soldiers who have defected are helping the rebels to secure the port, Reuters witnesses said on Friday.

“This area is controlled by the people,” said Mabrook Maghraby, a lawyer from Benghazi who is now involved with the local committees defending Brega.

If oil contracts were unfair or based on corruption, however, the interim leadership of Libya’s second city Benghazi said they reserved the right to renegotiate them.

Full story here.