Russia’s Tatneft intends to complete its projects in Libya


Posted – 01st August 2021

The Executive Director of the Russian company Tatneft, Nail Ulfatovich Maganov, revealed his administration’s intention to complete its business in Libya soon, which has faced many troubles since 2011.

Maganov added, on his company’s website, that Tatneft is seeking to complete its previous projects in Libya, particularly four exploration contracts, which include areas within the city of Ghadames, along with further projects close to the Tunisian and Algerian borders.

Libya and Russia signed a trade agreement in 2008 worth ten billion dollars, including contracts for oil projects, which Moscow hopes to complete within a reasonable timescale.


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