Oil & Gas

29 Jan 2023

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

29 Jan 2023  by Reuters   

Eni Chief Executive Claudio Descalzi and National Oil Corporation (NOC) head Farhat Bengdara attend the signing of an agreement between the two companies as Italian Prime Minister Giorgia Meloni and head of Libya's Government of National Unity Abdulhamid al-Dbeibah stand by, in Tripoli, Libya, January 28, 2023. REUTERS/Hazem Ahmed

ROME/TRIPOLI, Jan 28 (Reuters) - Italian energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country.

The deal, signed during a visit to Tripoli by Italy's Prime Minister Giorgia Meloni, aims to increase gas output for the Libyan domestic market as well as exports, through the development of two offshore gas fields.



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