The Ministry of Oil and Gas of the Government of National Unity (GNU) claimed on Sunday that the 8-billion-dollar deal between Italy’s Eni and Libya’s National Oil Corporation (NOC) should worth than what the latter announced.
In a statement released via its Facebook page, the ministry said that investment and development projects for Block NC-41 and other areas are valued at more than $27 billion as per 2008 agreement between Libya and Italy.
“The agreement in 2008 contained multiple projects with a value exceeding what was announced by the National Oil Corporation,” reads the ministry’s statement .
The ministry stated that its claim is based on what described as “confirmed documentary sources,” but it did not disclose these documents.
In late January of this year, the NOC and Eni signed in Tripoli a gas deal worth $8 billion — the largest single investment in Libya’s energy sector in more than two decades.