The size of trade between Tunisia and Libya reached 2.911 billion dinars (866 million euros) at the end of 2022, an increase of 50 percent compared to 2021, according to Italian news agency Nova.
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The Minister of Economy Mohamed Al-Hawij held talks on Saturday with a group of Libyan businessmen, which focused exploring collaboration with the private sector on food security.
Italy seeks to become an “energy bridge” between Africa and Europe after an $8 billion gas deal was signed with Libya yesterday, said Paolo Trancassini, an Italian member of parliament.
Chairman of the Libyan National Oil Corporation (NOC), Farhat Bengdara, met Saturday with the CEO of the Italian energy company, Eni, Claudio Descalzi, to sign an agreement to develop two gas fields off the western coast of Libya.
Libya is working on increasing its oil production to 2 billion barrels per day both for domestic production and exports outside the country, Mohamed Aoun, the oil minister of Libya’s government of national unity, told Sputnik.
Libya’s National Oil Corporation (NOC) will sign offshore gas exploration and production deals with Italy’s Eni on Saturday, NOC head Farhat Bengdara told a television channel.
The flow of gas from Libya to Italy has been restored to levels of 7-8 million cubic meters per day, after the interruption on 5 and 6 January and the reduction in the following two days, Italian news agency Nova reports.
Libya intends to raise its oil production to 1.5 million b/d in 2023 with plans to scale up to 2 million b/d within 3 years, revealed Oil Minister Mohamed Aoun.
Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, discussed Friday, in Washington with Josh Corless, Vice President of International Governmental Affairs at ConocoPhillips, continuing investing in Libya.
Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns, reported Reuters.