Eni Boosts Gas Production In Libya With $8 Billion Investment | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Italian oil major Eni is set to sign an agreement with Libya’s state-owned National Oil Corporation that will see it invest around US$8 billion to produce gas from two offshore fields.

- Jan 31, 2023, 5:00 PM CST

The deal – as stated by the NOC’s chairman, Farhat Bengdara, in a television interview with the local al-Masar station - would involve the renewal of an existing agreement originally struck in 2008. Eni currently produces gas in Libya from its Wafa and Bahr Essalam fields operated by Mellitah Oil & Gas, a joint venture between the Italian company and the NOC.

The core problem in this respect has been the ongoing lack of clarity in the agreement of 18 September 2020 as to how funds from Libya’s gas and oil sector would be divided up between the various political factions active there.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas Oil And Gas Industry Braces For Severe Winter Weather | OilPrice.comOil and gas operators in Texas should be prepared for severe winter weather this week, the Railroad Commission of Texas (RRC) said on Sunday, as snow and ice conditions are expected in parts of the biggest U.S. oil-producing state
Source: OilandEnergy - 🏆 34. / 68 Read more »