Saturday, October 16, 2021

Talks on clean energy transition are underway with Italy, says Libyan oil minister

Talks on clean energy transition are underway with Italy, says Libyan oil minister

Libya and Italy are carrying out talks on coordination to help Libyan transition to renewable energy, Libyan Oil Minister Mohamed Aoun said on Monday.

Speaking in an interview with Italian news agency Nova, Aoun said that “there is a slowdown in coordination” and “there will be discussions with the Italian side to integrate what has been addressed. during the visit of the Libyan delegation to Italy on May 3, 2021”.

The minister underlines the important role of the Italian company Eni not only in the development of the country’s energy sector, but also with regard to sustainable development programs.

“Eni is one of the important companies that have continued to work in the country in recent years”, noted Aoun, who also cites the Italian company’s contribution to “sustainable development programs” in the country, including specific education and technical training programs.

In the interview, Aoun said he was confident about an increase in oil production to 1.6 million barrels per day.

“If there is the necessary funding, the share of 1.6 million barrels per day it can be reached by mid-2022,” he said.

Regarding a possible exemption of the quotas of cuts under the OPEC + agreement, Aoun specifies that discussions will be started on the matter “given that Libya is still in difficulty”.

The minister also discussed the distribution of oil revenues between the three regions Tripolitania, Cyrenaica and Fezzan. Commenting on the proposed federal approach similar to the one in force in Iraq, he said “Oil wealth belongs to all Libyans and we assume that there will be a focus on all parts of the country and rational capacity management so that there is no injustice.

“The problem, in my view, is getting justice. If accurate statistics are made, there is no injustice in the distribution of oil revenues, but in their management ”, Aoun.