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Gazprom boss courts Libya

A high-ranking delegation from Russian gas giant Gazprom arrived today in Libya to discuss cooperation in the oil and gas sector.

Gazprom chief Alexei Miller led the delegation to visit with Libya's state-run National Oil Corporation 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, according to a UPI report, saying the current climate suggested more work was needed to improve marketing mechanisms.

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

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