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Libyan Minister Urges Russian Firms to Explore Oil & Gas in Libya

February 24, 2024
Libya's Oil and Gas Minister and Head of the Libyan-Russian Joint Committee, Mohamed Aoun

Libya's Oil and Gas Minister and Head of the Libyan-Russian Joint Committee, Mohamed Aoun

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Libya’s Oil and Gas Minister and Head of the Libyan-Russian Joint Committee, Mohamed Aoun, has urged Russian companies to submit their proposals to commence oil and gas exploration in Libya.

Aoun stated in remarks to Russia Today that the National Oil Corporation (NOC) is preparing for a public tender open to all global companies, including Russian firms. The aim is to contribute to the exploration of oil and gas in the remaining unexplored Libyan lands, both onshore and offshore.

The Libyan Minister called on Russian companies to present their bids to acquire parcels of Libyan land and initiate oil and gas exploration.

He further expressed hope for Russia to make oil and gas discoveries in Libya and resume operations in Libyan territories.

Aoun disclosed an upcoming meeting with the Russian Energy Minister, Nikolai Shulginov, in Algeria next week.

“I will invite the Russian Energy Minister to bring back Russian companies specializing in energy, as well as those specialised in other fields, as Russia possesses high-tech expertise in the oil sector,” Aoun said.

Notably, Deputy head of the Libyan Presidential Council, Musa Al-Koni, recently met with the Russian Ambassador to Libya, Aydar Aganin, to talk about making relations between the two countries better in multiple sectors.

Al-Koni talked about restarting the Libyan-Russian Joint Committee, activating old agreements, resuming stalled projects, especially the Libyan railway project.

Al-Koni highlighted Russia and Libya’s strategic partnership, and the need to focus on stabilising the country and supporting its economy for sustainable development.

Al-Koni reiterated the Presidential Council’s neutrality and support for the United Nations (UN) Envoy’s efforts towards a comprehensive dialogue to end political deadlock and hold fair elections.

The Russian Ambassador outlined his country’s vision for enhancing Libyan-Russian relations, aiming for increased economic and academic cooperation and development projects.

He confirmed Russia’s embassy in Tripoli resuming full operations due to improved stability, expressing Moscow’s readiness to enhance cooperation through the Joint Committee.

Tags: Crude OilgaslibyaOil MinisterRussia
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