Anatoly Miranovsky: The Libyan War Damages Russia's Economic Interests!

While Russian raw materials companies working in Libya may hope to participate in a few projects, the loss of Rosoboron export's contract with the Jamahiriya will amount to over $4 billion. In the event of a Western coalition victory, the country's weapons market will be closed for Russia. The three most active Russian companies: Tatneft, Gazprom and the Russian Railways (RZD) has an office in Libya as well. Tatneft has been operating in Libya for 6 years. The company received a concession to develop oil resources in Ghadames and won the rights to three oil blocks in the Sirte basin and Ghadames. The Russian company is involved in the projects under the production sharing agreement with Libya's National Oil Corporation of Libya (NOC), signed in 2008. Gazprom could take part in the tenders for the development of these fields, according to RBC Daily. The company won the right to conduct exploration in licensed areas #19 and #64. In mid-February, Russia's gas monopoly announced the purchase of the shares from Italy's Eni in the Libyan oil project Elephant (16.5%) for $163 million.