Eastern Libya Invites Russian Companies to Build Oil Refineries & Sell Petroleum Products: Minister

© telegram sputnik_africaEastern Libya Invites Russian Companies to Build Oil Refineries & Sell Petroleum Products: Minister
Eastern Libya Invites Russian Companies to Build Oil Refineries & Sell Petroleum Products: Minister - Sputnik Africa, 1920, 29.07.2026
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Eastern Libya Invites Russian Companies to Build Oil Refineries & Sell Petroleum Products: Minister

Russia is one of the leading countries in oil production, Minister of Investment for the parliament-appointed Libyan Government Ali Al-Saidi Al-Qaidi told Sputnik.

“We have made several recommendations to the Russian side, particularly in the energy sector."

Such a move would strengthen financial and investment cooperation between the two countries, he noted.

"We suggested that the Russian side consider building oil refineries in Libya. These refineries would allow Russia to trade petroleum products from Libya rather than from Russia.”

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