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Thursday, November 16, 2006

Russia's Gazprom, Egypt's Egaz to discuss cooperation projects

EgyptMOSCOW, November 16 (RIA Novosti) - Russian energy giant Gazprom [RTS: GAZP] and Egypt's Egaz intend to discuss specific cooperation projects soon, the Egyptian ambassador to Russia said Thursday. On March 28, Gazprom and Egaz signed a memorandum of cooperation in geological prospecting, oil and gas production, projects to build new gas pipelines for Egypt's domestic market and export requirements, supply Russian-made equipment for the Egyptian oil and gas sector and train Egyptian oil and gas personnel in Russia. Izzaad Saad said Gazprom Chief Executive Officer Alexei Miller will visit Egypt in early December to discuss projects with Egaz within the framework of the memorandum signed by both parties.

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