OREANDA-NEWS. March 26, 2007 led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, a Gazprom delegation paid a visit to the Socialist People's Libyan Arab Jamahiriya, reported the press-centre of  Gazprom. During the visit the delegation took part in the official signing ceremony of a Production Sharing Agreement (PSA) between Gazprom and Libyan National Oil Company (NOC) as regards hydrocarbon exploration and development in Block 19 of Libya’s Mediterranean Sea offshore.

Additionally, the Gazprom delegation met with Shokri Ghanem, Chairman of NOC. The parties discussed possible directions for further cooperation including:Gazprom’s participation in new competitive tender rounds for hydrocarbon exploration and development under the PSA terms in Libya’s licensed blocks; joint oil and gas projects in Libya; joint natural gas and LNG marketing projects.