Ukraine-Libya economic commission to discuss gas and oil projects

Sep 03, 2001 02:00 AM

The Ukrainian-Libyan economic commission will have the second session in January 2002 to discuss gas and oil projects, First Vice-President of the Ukraine-Libya Friendship Association Oleg Dubish said. The Ukrneft Company is considering the development of oil fields in Libya under a resolution of the commission's first session, he said.

An official representative of the Libyan embassy in Ukraine has said that his country is interested in the development of military-technical cooperation with Ukraine because the majority of Soviet-made armaments in Libya were manufactured in Ukraine. Kiev may get about $ 500 mm in annual revenues in cooperation with Libya, Ukrainian experts say.

Source: Itar-Tass via Newspage
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