Tuesday, March 29, 2011

DTN News - DEFENSE NEWS: Libyan War Damages Russia's Economic Interests....NSI News Source Info # 1755


DTN News - DEFENSE NEWS: Libyan War Damages Russia's Economic Interests....NSI News Source Info # 1755
(NSI News Source Info) TORONTO, Canada - March 29, 2011: The events in Libya are impacting the economic interests of Russia. While Russian raw materials companies working in this country may still cherish the hope to participate in some projects, the loss of Rosoboronexport's contract with the Jamahiriya will amount to over $4 billion. In the event of the victory of the Western coalition the country's weapons market will be closed for Russia.

With regard to the companies working directly on the territory of Libya, there are three most active Russian companies - Tatneft, Gazprom and the Russian Railways (RZD). Stroytransgaz has an office in the country as well.

Tatneft has been operating in the country for 6 years. The company received a concession to develop an oil block in the Ghadames (Unit 82-4) and won the rights to three oil blocks in the Sirte basin and Ghadames. The Russian company is involved in the projects under the production sharing agreement with Libya's National Oil Corporation (NOC). In 2009 alone it has invested $43 million in the projects.

http://defense-technologynews.blogspot.com/2011/03/dtn-news-defense-news-libyan-war.html

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