Eni's eight-billion-dollar investment
in Libya to be announced in Tripoli Saturday will be its highest
in the north African country for 25 years, the president of the
National Oil Corporation (NOC), Farhat Bengdara, said according
to Bloomberg.
Premier Giorgia Meloni may visit Tripoli to help announce the
investment in the Libyan energy sector amid the Ukraine war, it
said.
It will take about three and a half years to develop the two
oilfields that are the subject of the investment, said Bengdara.
"The energy sector has not seen an investment of this scope for
more than a quarter of a century," he said.
"It is a clear message to the international business community
that the Libyan state has overcome its phase of political
risks".
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