Russian Tatneft drills well in Ghadames Basin

oil and gas - December 1, 2021

The Russian Tatneft company has completed the drilling of the well (B2_4) in Plot 4/82 in the Ghadames Basin, the company's head Albert Savulin announced during a meeting with Mustafa Sanalla, head of Libya's National Corporation on Monday.

Sanalla said the NOC would do its utmost to help Tatneft overcome the difficulties hindering its work, as he discussed the memorandum of understanding signed between the two sides.

Oil prices moved up 4% Monday after registering a 10% fall last week in its biggest loss since April 2020, amid expectations that OPEC Plus may not increase production in response to the spread of the new Corona variant Omicron.