MOSCOW (Pakistan Point News / Sputnik - 06th October, 2018) The head of the Libyan National Oil Company (NOC) Mustafa Sanalla, 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.
"National Oil Corporation (NOC) chairman Mustafa Sanalla met Rustam Khalimov, deputy general director of Russian oil company Tatneft on October 4, 2018, on the sidelines of the Russian Energy Week [REW] conference. The companies discussed areas of mutual co-operation, in addition to Tatneft's forthcoming resumption of its 2007 exploration and production sharing agreement (EPSA)," the NOC statement said.
Also, according to NOC, a number of other executives from both companies attended the meeting.
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.
Libya has been torn apart by conflict since long-time leader Muammar Gaddafi was overthrown in 2011. The eastern part of the country is governed by the Tobruk-based parliament, backed by the Libyan National Army (LNA). The UN-backed Government of National Accord (GNA), headed by Prime Minister Fayez Sarraj, operates in the country's west and is headquartered in Tripoli. The two governments have also been arguing about the distribution of revenues from oil exports. In summer, the work of the Libyan oil terminals was repeatedly suspended due to militant attacks.
The REW forum started in Moscow on Wednesday and will last until Saturday. Rossiya Segodnya International Information Agency is the official media partner of the event.
