Gazprom officials arrive in Libya

April 14, 2009 at 9:58 AM
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TRIPOLI, Libya, April 14 (UPI) -- A high-ranking delegation from Russian gas giant Gazprom arrived Tuesday in Libya to discuss cooperation in the oil and gas sector.

Gazprom chief Alexei Miller led the delegation to visit with Libya's National Oil Corp. Chairman Shukri Mohamed Ghanem as part of an effort to expand the gas giant's market base, the company said in a news release.

Gazprom is working in Libya and North Africa to explore offshore blocks in the Mediterranean and onshore areas south of Tripoli.

In 2007 the Russian gas monopoly took a minority share in oil concessions from German companies that include nine additional fields in Libya through 2026.

Miller and his Libyan counterpart discussed trends in the oil and gas sector, saying the current climate suggested more work was needed to improve marketing mechanisms.

Gazprom works in Libya under a specialized company, Gazprom Libya, that is licensed to operate in the country.

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