Gazprom’s Delegation Visits Libya
OREANDA-NEWS. April 17, 2008. As part of the working visit of the Russian Federation President Vladimir Putin to Libya, Alexey Miller, Chairman of the Gazprom Management Committee signed a Memorandum on Cooperation with the National Oil Corporation of Libya and a Memorandum of Understanding with the Libya Africa Portfolio for Investments.
Pursuant to the Memoranda, the parties will study the possibilities of implementing joint projects embracing oil and gas field exploration and development in Libya; gas processing, new gas liquefaction and oil refining capacity construction; natural gas fired power plant engineering and construction as well as cooperation in other energy sectors. Cooperation within each possible project, including potential establishment of joint ventures, will be regulated by an individual agreement.
The companies will also explore the possibilities of executing joint projects in third countries on the African continent. To implement the accords, the Libya Africa Portfolio for Investments and Gazprom are intent on setting up a joint venture.
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