Lybian leader Moamer Gadaffi will travel to Moscow on October 31 to meet with Russian President Dmitry Medvedev over weapons purchases and energy deals, business daily Vedemosti cited a Foreign Ministry source as saying, repoted dpa.
It is Gadaffi's first visit in over 20 years marking Moscow's renewed Soviet-era ties with the north African state since Russia's Vladimir Putin traveled to Tripoli just after stepping down as president in April.
A more than 2 billion dollar contract for the delivery of Russian SU-30 fighter jets, T-90 battle tanks and other weapons to Libya would be signed during Gadaffi's visit, Vedemosti said quoting an unnamed source at a state technology agency.
Advanced Russian Tor-M2E surface-to-air missile systems may be part of the weapons deal, the paper said.
Moscow in April agreed to write off Tripoli's 4.6 billion dollar debt in exchange for various business contracts in Libya.
Its railway monopoly has already sealed a deal to build 554 kilometres of rail tracks in the country.
Russian energy giant Gazprom also signed a provisional agreement with Libya's National Oil Corporation on joint ventures in the region. Libya is considered the continent's fourth largest country in estimated gas reserves, but remains relatively untapped.