Russia’s Tatneft to resume operations in Libya

News In Brief

Russia’s Tatneft to resume operations in Libya

October 07, 2019 - 10:39
Written by: SafaAlharathy

Director of the Russian oil and gas company Tatneft, Rustam Minnikhanov has confirmed the company's readiness to resume work in Libya, during the coming weeks.

In his meeting with Libya’s National Oil Corporation (NOC) delegation on the sidelines of the Russian Energy Week Conference in Russia, on Saturday, Minnikhanov clarified that the contracts between the two sides include four exploration and production sharing agreements in Ghadames and Sirte, which were signed between 2005 and 2007.

He also expressed his company's readiness to increase investment in oil field development, heavy crude, and shale oil and gas.