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Monday, July 03, 2006

Gazprom, Libya's NOC preparing cooperation memorandum

MOSCOW. June 28 (Interfax) - Gazprom (RTS: GAZP) and Libya's National Oil corporation (NOC) are planning to sign a memorandum on cooperating in the oil and gas sector, Gazprom said in a statement. Gazprom Deputy CEO Alexander Medvedev and NOC CEO Shukri Mohammed Ghanem held talks during a recent visit to Libya by a Gazprom delegation. "The meeting discussed possible areas of corporation in the oil and gas sector in Libya as well as in third countries, including North Africa. The talks discussed the possibilities for Gazprom participation in projects to develop Libya's gas infrastructure, and the production, transport and processing of hydrocarbons. A memorandum will be signed soon that will reflect all these issues and the main tasks at this stage for cooperation in the gas sector between Libya and Gazprom," the statement says. The parties decided to continue consultations on cooperation in the near future.

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