Tag Archives | Tatneft

NOC Head meets Russian Energy Minister, Tatneft Boss

The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, held a meeting with Russian Energy Minister Alexander Novak to discuss Libyan-Russian oil relationships and ways to strengthen cooperation between the two countries. The commercial relationships between NOC and a number of major Russian companies were also discussed as NOC expressed its desire to develop various […]

Russian Presence in Libya a New Challenge for the West

By John Lee. A new article published by the London-based policy institute Chatham House (the Royal Institute of International Affairs) suggests that the real driving forces behind Russian involvement in Libya are a mixture of ambition, opportunism and anti-Western sentiment. Commercially, while the overall scale of Russia’s losses in Libya is unknown, author Nikolay Kozhanov describes them […]

NOC Continues Meetings with Energy Cos

By John Lee. The head the National Oil Corporation (NOC) is continuing his series of meetings with major oil companies, as it attempts to “mitigate the effects of the current circumstances” on the oil industry. Over the past week Mustafa Sanallah has met with companies including Total, Eni, Statoil, BP, Medco, Sipex (Sonatrach International Production and […]

‘Global interest in Libya Oil & Gas’ – NOC Chairman

Global Summits Organiser, IRN, recently held the 4th New Libya Oil & Gas Forum at the Tower Hotel in London on 19-21st October 2015. Hosted with the exclusive support of the National Oil Corporation (NOC Libya), the high-level meeting attracted more than 200 international oil and gas companies as well as a high level Libyan […]

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Libya to Continue Oil Contracts with Russians

By John Lee. Russia’s Ambassador to Libya, Ivan Molotkov, has told the ITAR-TASS news agency that Libya does not intend to revise contracts with Russian oil companies that have concessions to develop Libyan oilfields. The companies involved are Gazprom Neft and Tatneft. But he added: “The situation in Libya is similar to Iraq’s. I believe […]

Tatneft Aims to Restart Libya Operations

Russia’s Tatneft is planning to resume its operations in Libya within 2014. In its consolidated financial report the company said: “Starting in February 2013 the group has been working to resume operations in Libya, including returning staff to Tripoli and continuing supplier negotiations. As of date of the report, the group expects to re-launch its […]

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Weighing the Odds in Libya

By Padraig O’Hannelly. Today’s comments from French oil major Total were decidedly bullish on the prospects of doing business in Libya, as the company committed itself to further drilling. The news follows positive signals in recent weeks from Russia’s Tatneft, which is sending personnel back to Libya, presumably with the intention of eventually resuming operations […]

Tatneft Sends Staff back to Libya

Russian oil company Tatneft has said it is sending staff members back to Libya nearly four months after meeting with representatives from the National Oil Corporation (NOC). The company — the first Russian energy company to enter Libya when it secured acreage during an international auction in 2006 — said it invested more than $250 […]