Eni wants to launch new investments in Libyan gas output

Eni wants to launch new investments in Libyan gas output

The chief executive of Eni has told the chairman of Libya’s National Oil Corporation (NOC) that the Italian energy group wants to launch new investments to increase the North African country’s gas output, Eni said in statement.

The NOC Chairman, Farhat Omar Bengdara, along with a delegation of NOC’s senior executives, met in Rome on Wednesday with Eni’s CEO Claudio Descalzi, to discuss the Italian company’s activity in Libya and strategic projects.

In their meeting on Wednesday the two executives also discussed the implementation of renewables projects in Libya, Eni said in a statement.

The CEO of Eni welcomed the NOC plan to increase the daily output of Libya up to 2 million barrels of oil per day and “reaffirmed Eni’s support to reach this target for the mutual benefit of the parties.”

State-controlled Eni has been working together with the Italian government to clinch deals with alternative gas suppliers in the face of increasing uncertainty over supplies from Russia.

Eni has been present in Libya since 1959 and is in a joint venture with the state company NOC. The company is the leading international hydrocarbon producer in the country.