Libya's National Oil Corporation (NOC) has signed a crude oil offtake agreement with Russia's Rosneft as it looks to encourage foreign investment and bolster Libyan output, the NOC said on Tuesday. The NOC and Rosneft also signed a cooperation framework agreement which the NOC said"lays the groundwork for investment by Rosneft in Libya's oil sector". (reuters)
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Rosneft, Libya's NOC sign oil offtake deal
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Feb 22, 2017
Libya's National Oil Corporation (NOC) has signed a crude oil offtake agreement with Russia's Rosneft as it looks to encourage foreign investment and bolster Libyan output, the NOC said on Tuesday. The NOC and Rosneft also signed a cooperation framework agreement which the NOC said"lays the groundwork for investment by Rosneft in Libya's oil sector". (reuters)
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