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Russia could help Libya increase capacity of existing shipyards

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MOSCOW, July 22 (RIA Novosti) - Russian shipbuilding experts are willing to offer Libya assistance in creating greater capacities at existing shipbuilding and ship-repairing yards, Valery Venkov, Deputy Director-General of the Central Research Institute of Shipbuilding Technology, told a news conference here Friday.

"We would like to offer a project to build a shipbuilding yard with a design capacity of 25-50 fishing vessels per year," Venkov said.

The Russian delegation, including 15 representatives of some of Russia's major shipbuilding and design companies and research institutes, will discuss these and other related projects during its forthcoming visit to Libya. They will present their products and services and hold a roundtable discussion.

The proposed yard could reach its design capacity five years after the start of the construction and three years after the launch, Venkov said. Construction costs are estimated at $70 million, he said.

Presidential advisor Vladimir Shipilo said the development of the tanker fleet seemed to be the most promising area of cooperation between the two countries because Libya is an oil producer. Other areas of cooperation could include the construction of dry-cargo ships, chemical carriers, fishing equipment and boats.

Other officials said it was difficult to identify the volume of future cooperation with Libya because Russian experts were not familiar with the country's current capacities in this area. Libya's specific demands are also unknown because even a standard ship design could feature different component, they added.

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