国际英语新闻:Energy, military ties top Gaddafi's Russian tour
As oil-and gas-rich countries, Russia and Libya share broad prospect for bilateral cooperation in energy sector.
Russian energy giants Gazprom, Tatneft, Tatneftegeofizika, LUKOIL and Stroitransgaz are operating in Libya's oil and gas sector. Their business vary from geological surveys, offshore exploration and development to oil refining and pipeline building.
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Russia's President Dmitry Medvedev (R) walks with Libyan leader Muammar Gaddafi at Meiendorf Castle outside Moscow, October 31, 2008. |
Gazprom, the Russian oil monopoly, is also discussing with Libya the construction of an oil pipeline stretching through the North Africa country to Europe that will strengthen Russia's existing control over energy supply to its major buyer.
"In our opinion, bilateral hydrocarbon cooperation is particularly topical at present, especially as we think alike about gas and oil policies," Gaddafi was quoted by Interfax as saying during talks with Medvedev.
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Russia's President Dmitry Medvedev (R) meets Libyan leader Muammar Gaddafi at Meiendorf Castle outside Moscow, October 31, 2008 |
In fact, economic and military ties between the two countries warmed up since Medvedev's predecessor Vladimir Putin's visit to Libya in April, which was the first bilateral summit in 20 years and reached bunches of economic and military agreements.
The close military ties will balance Libya's relations with the West which is recovering but still facing challenges, and conforms with Russia's strive to retain a strong role in Africa and the Middle East, analysts say.
The two countries will also encourage cooperation between the private sectors in a bid to promote trade and economic ties.
An agreement reached on Saturday says that Russia and Libya will establish a free economic zone, a joint bank and an investment fund. The two countries will also launch regular air service between Moscow and Tripoli so as to boost business.
"The door is open to the promotion of interaction in the civilian sector ... Russian companies have already begun actions in this domain of Libyan economy," Gaddafi told Medvedev
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