The government in eastern Libya – which is designated by the House of Representatives – has offered the Russian oil company Tatneft a proposal to establish an oil refinery in Libya. This proposal came during the participation of a delegation from the parallel government in the Russia-Islamic World Forum in the city of Kazan, Tatarstan.
Investment Minister of the parallel government, Ali Al-Saidi, said, in an interview with the Russian Novosti Agency on Saturday, that he had held meetings with representatives of Tatneft Oil Company on the sidelines of the Forum, and he revealed the invitation for the Russian company to come to Libya and build refineries in Benghazi and Tobruk.
“Russia has a lot of crude oil, but its supplies are now facing hurdles due to sanctions and embargoes. This matter could be solved by a refinery in Libya, where crude oil will be transported, and oil derivatives will then be sold.” The Minister said.
Al-Saidi said earlier that he had invited Russian companies to invest in Libya, stressing that the doors were open for those companies to participate in projects in various sectors.
