Russia and Libya discuss oil exploration work

Oil Industry [Photo: Pinterest]
The CEO of the Russian exploration company Rosgeologia (Rosgeo), Roman Panov, discussed with Mustafa Sanallah, the head of the Libyan National Oil Corporation (NOC), the conduction of exploration works in Libya, the Russian company said in a statement on Friday.

“During the meeting the parties discussed further steps on the development of cooperation in the sphere of natural resources management, particularly, conduction of geological exploration works to find fossil fuels in Libya as part of the earlier signed bilateral documents,” the statement said.

The meeting was held on the sidelines of the Russian Energy Week (REW) forum in Moscow, Sputnik reported.

The head of NOC also discussed with Russia’s Tatneft Deputy General Director Rustam Khalimov ways of cooperation between Libyan and Russian oil companies, as well as the resumption of Russian oil company Tatneft’s work in Libya, the NOC reported on Friday.

Khalimov expressed desire of Tatneft to cooperate with Libya, noting its experience in the development of heavy oil, shale oil and gas deposits.

Sanalla, in response, promised to ease the company’s return to work in Libya and noted the role of Russian companies in the Libyan oil sector.

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