Search engine Yandex denies transfer of Ukrainians' personal data to Russian intelligenceWorld May 30, 0:11
At least 137 people injured in Moscow storm — sourceWorld May 30, 0:05
Ukraine's security service accuses search engine Yandex of leaking personal info to MoscowWorld May 30, 0:03
Kamaz to supply at least 1,000 trucks to Philippines by 2020Business & Economy May 29, 21:49
Moscow ready to offer clarifications over incident with Montenegrin MPRussian Politics & Diplomacy May 29, 21:09
Moscow mayor says Monday's hurricane in Moscow 'unprecedented'Society & Culture May 29, 20:56
Moldovan president slams government’s decision to expel Russian diplomatsWorld May 29, 20:52
Macron lashes out at Russian news agency Sputnik, RT channel over campaign coverageWorld May 29, 20:11
Macron says no international problem can be solved without RussiaWorld May 29, 19:51
MOSCOW, February 21. /TASS/. Russia’s top oil producer Rosneft and Libya's National Oil Corporation (NOC) signed a cooperation framework agreement that lays the groundwork for Rosneft investments in the Libyan oil sector. The agreement was signed by NOC Chairman Mustafa Sanalla and Rosneft Chairman Igor Sechin on February 20 on the sidelines of London’s International Petroleum Week, the Libyan company reported Tuesday.
"The agreement envisages the establishment of a joint working committee of the two partners to evaluate opportunities in a variety of sectors, including exploration and production," the report said. Rosneft and NOC also signed a crude oil offtake agreement.
"This agreement with Russia’s largest oil company lays the foundations for us jointly to identify areas of cooperation. Working with NOC, Rosneft and Russia can play an important and constructive role in Libya," Sanalla was quoted as saying. "We need the assistance and investment of major international oil companies to reach our production goals and stabilize our economy," he added.
Libya is one of three OPEC member-states spared from the need to reduce crude oil production within the cartel’s output cap plan in the first half of this year. OPEC and 11 independent oil producers have agreed to cut output by a total of 1.8 mln barrels per day starting January 1, 2017. However, Iran, Nigeria and Libya were permitted not to cap and even to increase oil production due to a complicated political environment in those countries.
Libyan authorities have said the plan for 2017 is to boost crude production 1.7-fold to 1.75 mln barrels per day.