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Libya’s NOC, Eni discuss restart of stalled projects

TRIPOLI, December 3, 2020

The Chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla recently met with Claudio Descalzi, CEO of Italian oil major Eni, to discuss the resumption of projects which are suspended due to financial constraints.

They also discussed maintaining the rates of production in onshore and offshore fields and work on increasing it gradually as well as supporting the energy sector in Libya.

Sanalla  said: “We as the Board of Directors at the National Oil Corporation are proud of our strategic relations with Eni and we look forward to continuing this fruitful economic partnership as far as possible to develop the oil and gas sector in Libya.”

“We have economic relations with Libya in general and NOC in particular and these strong relations have a significant role in the continuation of this fruitful relationship between NOC and Eni,” Descalzi said.

The parties also discussed the progress made in the project of developing the two Structures (A and E) which will increase the normal rates of gas production in Bahr Es-salam in the coming years as well as guaranteeing the provision with gas to the local market. – TradeArabia News Service


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