Support The Moscow Times!

Tatneft Eyes Return to Libya

Tatneft is hoping to return to Libya when the situation there stabilizes, chief executive Shafagat Takhautdinov said, Interfax reported.

"We hope to return soon. We're waiting for the political situation to stabilize," Takhautdinov said Saturday.

Tatneft faces force majeure conditions both in Libya and Syria, he said.

"The situation in Libya is stabilizing more or less, but the matter of our workers' safety does not at this point allow a return to the region," he said.

Tatneft suspended operations in the country after a civil war began in Libya in February 2011.

Tatneft and Libya's National Oil Corp. previously explored oil blocks in the Ghadames and Sirt regions. The Russian oil company concluded deals to develop these blocks in 2005 and 2006.


Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more