Libya is aiming to revive contracts with Russian companies in the oil and gas sectors, President of the Presidential Council Mohamed Al-Menfi said on Wednesday, highlighting promising prospects for broader cooperation between the two countries.
In an interview with Russia’s TASS news agency, Al-Menfi emphasized that renewing collaboration with Moscow represents a significant step toward reactivating key energy projects that have been stalled since 2011 due to prolonged security instability in Libya.
“We view partnership with Russia as a vital opportunity to rebuild Libya’s oil infrastructure and boost production,” Al-Menfi stated, adding that the government welcomes the return of Russian firms as the security situation shows signs of improvement.