On 10 October, Austrian oil and gas group OMV said it plans to restart production in Libya on a small scale by the end of 2011. "This will be possible in small fields in Libya in which we have stakes," OMV spokesman Sven Pusswald said. It would, however, take 12 to 18 months until larger oil fields would start pumping, he added. In 2010, Libya accounted for approximately 10% of the company's total production, producing around 33,000 barrels of oil a day. At the end of February, ...


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