Libya and Italy Sealing their Rapprochement with Libyan Investment in ENI
The Italian oil giant ENI is a big interest for the Libyan government. ENI has always been an active player in the Libyan hydrocarbon sector, even when the country was isolated.
ENI is more than just a strategic partner. It has been the engine behind more than 15% of Libya’s oil extraction and an investment in that company will signal that business in Libya is only going to expand, almost as a political guarantee in a world where competition for resources is likely to tighten. Continue reading here.