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Libyas rebel government will honor all energy contracts granted legally under Muammar Qaddafis 42-year rule and work to restore oil output to prewar levels within a year, said rebel reconstruction leader Ahmed Jehani.

Petrofacs earnings for the first half of the year rose 6.6 per cent to US$246mn compared with the same period last year and revenues increased by 25.2 per cent to US$2.7 billion as the result of new awards.

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