Transitioning To Post-Gaddafi Structure

Following more than six months of armed conflict in the North African country of Libya, on 16 September 2011, the UN recognized the National Transitional Council (NTC) as the legal representative of Libya and also lifted some of the arms embargo, assets freeze and no-fly zone that had been imposed by the Council earlier this year. However, the civil war is not over and NTC's troops are still fighting to gain control over pockets of territory controlled by forces loyal to Muammar Qaddafi. 

Nevertheless, the main questions asked by foreign oil and gas companies are how long the oil disruption will last and when the production will get back to normal.  

Libya is one of the major oil producers in Africa and a committed member of OPEC. Oil reserves are the largest in Africa and the ninth largest in the world with 41.5 billion barrels. Libyan crude output slumped to 60,000 barrels a day in July 2011 from 1.7 million barrels in January 2011 (according to the International