Libyan national oil corporation says contract with Rosneft to redevelop oilfields lays groundwork for further investment
Russia has significantly boosted its involvement in Libya by signing a potentially major contract to help redevelop Libyan oilfields.
The head of the Libyan national oil corporation (NOC) signed a cooperation agreement with Rosneft, the Russian oil giant, which NOC said on Tuesday “lays the groundwork for investment by Rosneft in Libya’s oil sector”.
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