The future of Iraqi oil production seems more or less settled for the upcoming years with international majors operating the most complex and grand-scale enterprises, whilst the Iraqi state companies generate know-how. Perhaps a return of a Russian oil company might provide a compass for future projects to come. Tatneft Acreage in Libya. This was one of the reasons why LNOC reached out to Tatneft to start joint work on heavy projects, too. Tatneft could opt to develop its acreage in the Sirte Basin, too, however saw Ghadames a more viable bet.

Source: Libya Today December 25, 2019 19:52 UTC