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With the defeat of the Gadhaf regime on the horizon, concerns in the West have turned to what that will mean for oil in the Middle Eastern nation

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A rebel walks past a burning Al-Sedr Oil Terminal after it was hit by pro-Gadhafi forces during clashes between Ras Lanuf and Bin Jawad in this March 9, 2011, photo.

Asmaa Waguih/Reuters/Asmaa Waguih/Reuters

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Rebel fighters celebrate after taking control of the coastal town of Sabratha, 65 kilometres west of Tripoli, Aug. 18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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Rebel fighters destroy posters of Libyan leader Muammar Gadhafi which were found in the administrative centre of the Zawiyah oil refinery, Aug.18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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A burned-out vehicle sits at the entrance to the Zawiyah oil refinery after rebels attacked and seized full control of the plant, Aug. 18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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A truck carrying Libyan rebel fighters drives towards the Zawiyah oil refinery, Aug. 17, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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Libyan rebel fighters stand guard at the entrance to the Zawiyah oil refinery after they seized control of the complex, Aug. 18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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Rebel fighters stand guard outside the main administration building of the Zawiyah oil refinery, Aug. 18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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A rebel fighter walks towards the main processing area of the Zawiyah oil refinery, Aug. 18, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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The Zawiya oil refinery, some 40 kilometres west of Tripoli, on Aug. 19, 2011, after Libyan rebels pushing to cut off Tripoli took complete control of the key plant, which is the only source of fuel for the capital.

Filippo Monteforte/AFP/Getty Images/Filippo Monteforte/AFP/Getty Images

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A Libyan rebel fighter mans a checkpoint near the Zawiyah oil refinery, Aug. 17, 2011.

Bob Strong/Reuters/Bob Strong/Reuters

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Libyan rebel fighters seen at the checkpoint outside Zawiya, Libya, Aug. 20, 2011.

Giulio Petrocco/AP/Giulio Petrocco/AP

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Libyan rebels drive past the Zawiya oil refinery on Aug. 19, 2011 after taking control of the facility.

Filippo Monteforte/AFP/Getty Images/Filippo Monteforte/AFP/Getty Images

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A worker's helmet lies on the ground at the Zawiya oil refinery Aug. 19, 2011.

Filippo Monteforte/AFP/Getty Images/Filippo Monteforte/AFP/Getty Images

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Traders work in the oil options pit of the New York Mercantile Exchange Aug. 22, 2011. Oil prices were mixed Monday as a rebellion in oil-rich Libya appeared close to ending.

Richard Drew/AP/Richard Drew/AP

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