Libya may back Elephant trade
Wire services
Libya may support Italian oil major Eni's plan to offer its stake in Libya's
Elephant field to Russia's Gazprom as part of their deal on swapping assets,
LShokri Ghanem, the head of Libya’s National Oil Corporation, said.
Eni chief executive Paolo Scaroni said earlier this week his group would offer
Russia's gas giant a stake in the Elephant oilfield in Libya, but the deal
required approval from Tripoli.
"Our relations are very cordial with Eni, and also with Gazprom. Relations
with Scaroni and (Gazprom chief executive Alexei) Miller are very friendly
and diplomatic relations with both countries are very friendly," said
Ghanem. "We will look at any proposal to come with a lot of interest and
support," Ghanem told reporters on the sidelines of the International Energy
Forum in Rome, Reuters reported/
Ghanem said Eni and Gazprom have yet to present their agreement to the Libyan
government.
Eni and Gazprom formed a strategic partnership in 2006, to focus on both
upstream and downstream in the oil and gas sectors. The exchange of assets
is part of the agreement.
The Elephant field was discovered in 1997 and produced 124,000 barrels a day
in 2006.
21 April 2008 05:35 GMT
| last updated:
21 April 2008 07:35 GMT
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