Post #149

Amid Records and Deepwater Exploration: Russia Considers Entry into Libyan Oil and Gas Projects Libyan authorities and Russian partners are discussing expansion of its companies' participation in oil and gas projects, including exploration, production, and refining. This was announced following a meeting between Russian Ambassador Aidar Aganin and the Minister of Oil and Gas of the National Unity Government. Russia's interest in Libya coincides with a key moment: in 2025, the country, having produced a record 1.37 million barrels per day, regained its status as Africa's second oil giant after Nigeria. At the same time, production recovery is not the only trend. The industry is increasing gas capacity for the domestic market and preparing for a strategic breakthrough—the country's first-ever deepwater exploration in the Gulf of Sirte. Drilling the first well at a depth of approximately 1,900 meters, scheduled for early 2026, will open access to potentially rich offshore resources. Thus, Libya offers foreign partners a window of opportunity at two levels: participation in the restoration and optimization of existing infrastructure and, more importantly, entry into a fundamentally new deepwater frontier during its development phase. For the Russian companies, this is a chance to gain a foothold in a restored market with unique long-term assets. #AREA#Libya#RussiaAfrica