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Tag: Eni

President of the Rome Chamber of Commerce to Nova: “Contracts for Italian Companies in Infrastructure Projects in Libya Triple Due to $8 Billion Agreement Between the National Oil Corporation and Eni”

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According to Lorenzo Tagliavanti, the President of the Rome Chamber of Commerce, the collaboration between Italy and Libya has seen Italian companies play a leading role in implementing important infrastructure projects over the years. This is evident from the recent tripling of contracts awarded to Bonatti, thanks to an $8 billion agreement between the Libyan National Oil Corporation and Eni.

Tagliavanti emphasized the historical and cultural significance of the relationship between Italy and Libya, highlighting how this partnership has cultivated a fertile ground for future cooperation. He stated, “There are 450,000 companies in our city, and we are honored to have our institution chosen to host this important initiative.”

He added that the rich historical traditions and trade connections between the two countries provide a solid foundation for building new growth pathways. He stressed the role of the Rome Chamber of Commerce in facilitating economic exchanges and promoting mutual understanding between Italian and Libyan companies.

The President of the Rome Chamber of Commerce stated, “We are convinced that economic development and peace are essential elements for the well-being of our populations,” noting that meeting with key entrepreneurs provides an opportunity to strengthen relations between the two countries and establish strategic agreements that benefit not only Italian and Libyan companies but also the stability of the entire Mediterranean region.

Tagliavanti pointed out that Libya represents a highly promising economic market for Italian companies, particularly in the energy and infrastructure sectors, as it possesses significant oil resources, making it one of the leading countries in Africa in terms of crude oil reserves.

This statement was made during a roundtable meeting on energy and infrastructure between Libya and Italy, organized by Energy Capital & Power in collaboration with the Italian-Libyan Chamber of Commerce, the Rome Chamber of Commerce, the Italian-Libyan Parliamentary Friendship Group, and the Italian Trade Agency.

Nova Agency: Eni Plans to Launch Structure A and E Gas Production Project Starting Late 2026, Aiming for 750 Million Cubic Feet Per Day

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Nova reported that the Head of North Africa and the Middle East at Eni, Martina Opizzi, announced during a roundtable on energy and infrastructure between Libya and Italy, organized by Energy Capital and Power yesterday in Rome, that this increase will be crucial not only to meet Libya’s domestic needs but also to support exports to Europe.

Nova highlighted another important initiative concerning the modernization of Eni’s offshore facilities in Libya. Opizzi stated that the Sabratha gas compression project, a new initiative to boost production, is set to be launched by 2025, which will supply the country with approximately 100 million cubic feet of gas daily. These projects also incorporate a significant sustainability component, with Eni committed to reducing its carbon footprint through gas storage initiatives.

In her remarks during the forum held yesterday at the Rome Chamber of Commerce, Obitz emphasized the importance of creating a competitive environment for service contracts in Libya, asserting that “it is essential to achieve stability, increase production, and bring it back to 2011 levels,” referring to Eni’s efforts to ensure sustainable energy production even during the most challenging periods for Libya.

The Nova Agency also reported that Eni will begin exploration activities in the Ghadames Basin, scheduled for 2025.

Opizzi told the agency, “We have never stopped viewing Libya as an important area for oil and gas production. We believe there are still resources to be discovered, and we also plan to conduct offshore exploration in the near future. Libya is a strategic country in the energy market due to its vast natural resources and its advanced infrastructure, such as the Greenstream gas pipeline.”

Opizzi noted that most of the gas extracted by Eni in Libya is allocated for domestic consumption in the local market, with only a minority being exported to Italy via pipelines that cross the Mediterranean Sea and land in Gela, Sicily.