Russian oil company Tatneft plans to start operations at 4 exploratory sites in Libya

Alwasat - Cairo Mon 21 Dec 2020, 12:09 AM
alwasat radio

Russian oil producer Tatneft plans to start production and exploration operations at a number of sites in Libya, it had halted it's opertions following the February 17, 2011 revolution.

The chairman of the board of Directors, Rustam Minnikhanov, revealed on Saturday that the company is actively considering resuming business in several new regions.

"Among the projects that the company intends to start are four exploration sites in Libya, in addition to plans to resume exploration in Syria," Minnikhanov said, according to the Russian agency Tass.

In 2005, the Russian company obtained a concession contract to develop a field in Ghadames. Adding three more fields in Ghadames and Sirte in 2006, as part of a production sharing agreement. All exploration work was halted in March 2011 due to military operations in the country, and the company's employees were evacuated.

Two years later, the company return to Libya, but was forced to leave once again in 2014, due to mounting military tensions.

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