Russian oil workers head back to Libya

Published March 31st, 2013 - 09:33 GMT
Workers from Libyan  oil company Tatneft are returning to Libya to resume work interrupted by the revolution
Workers from Libyan oil company Tatneft are returning to Libya to resume work interrupted by the revolution

Four months after meeting with representatives from the Libyan National Oil Corp, NOC, Russian oil company Tatneft said it was sending staff members back to Libya to resume the work that was interrupted by the 2011 February 17 Revolution.

Russian news agency RIA Novosti reports that Tatneft invested more than $250 million in Libya before the country's civil war in 2011. The Russian government said it lost billions of dollars as a result of the UN-led intervention in Libya that in late 2011 ousted from power after more than four decades, the former Libyan dictator, Muammar Gaddafi who was killed in late 2011.

Tatneft became the first Russian energy company to enter the Libyan oil market when it secured acreage during an international auction in 2006.

Libya's oil sector has struggled to maintain a pre-war condition because of internal instability, and a labour strike at the Gialo oil field in Libya left 120,000 barrels of crude oil per day off the market in mid-March. 

The Mellitah energy complex in western Libya was shut down briefly as a security precaution following clashes between security forces and militants early this month.


© 2019 - The Tripoli Post

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