Thursday, September 18, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Russia’s Gazprom Resumes Oil Production in Libya

May 25, 2021
Share on FacebookShare on Twitter

Russian energy giant, Gazprom EP International has resumed crude oil production in Libya under a JV agreement with Germany’s largest crude oil and natural gas producer Wintershall Dea, Managing Director Sergey Tumanov said according to TASS news agency.

He added that the output of the project is expected to rise from the current 43,000 barrels per day to 62,000 a day in 2021.

“In the fall of 2020, after nine months of suspension due to the declared force majeure, oil production within the framework of our Libyan assets was successfully resumed,” Tumanov said.

“At the same time, we completed an important stage of works in Libya, as we transferred the development functions of the field operator in the Sirte Basin to a newly established joint venture with the Libyan National Oil Corporation (NOC),” he explained.

“A number of measures to increase efficiency and recover production infrastructure have been planned, in order to boost overall production in Libya,” Tumanov concluded.

Tags: GazpromlibyaoilProductionRussia
Next Post

Italy-France Discuss Migration & Stability in Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libyan Army Officers Receive Advanced Training in Egypt

Libya & Greece Reaffirm Commitment to Strengthening Bilateral Ties

London to Host Key Libyan Investment Event

Libya & US Agree to Expand Education Cooperation

Libyan Lockerbie Bombing Suspect Claims Forced Confession

UNHCR Mourns Victims of Deadly Shipwreck Near Libya’s Tobruk

EDITOR PICKS

Libyan Delegation Reviews Advanced Security Training in Belarus

War Remnant Explosion in Libya Kills Father & 2 Children

Libya to Host Major Africa Gas Forum in Tripoli

Athens Says Libya & Greece Agree to Start EEZ Delimitation Talks

Libyan Lockerbie Bombing Suspect Claims Forced Confession

Libya & Greece Reaffirm Commitment to Strengthening Bilateral Ties

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR