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Tuesday, April 14, 2009

Gazprom, Libya agree work on hydrocarbon production done as scheduled

April 13, 2009 - Itar-Tass - MOSCOW, Gazprom and Libya’s oil corporation said their work on key projects on hydrocarbon production was done under the schedule. Gazprom head Alexei Miller, who is currently making a working visit to Libya, met chairman of Libya’s National Oil Corporation Shukri Mohamed Ghanem on Monday. According to the Gazprom press department, “Alexei Miller and Shukri Mohamed Ghanem discussed further steps towards developing cooperation in the oil and gas sector”. “The sides’ assessments on key tendencies (on the world oil and gas markets) coincided and they stressed the need to perform the infrastructure of hydrocarbon trade,” the press department said. In order to penetrate to new markets, expand the resource base and diversify production capacities Gazprom is actively working in North Africa, primarily in Libya. A specialised company, Gazprom Libya, was set up and registered in Tripoli in order to work in this country. In 2006-2007 under the tender Russia’s gas monopoly gained the right to develop and produce hydrocarbons on licence sections on the Mediterranean shelf and in the south of Tripoli.

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