Italian oil giant ENI to support power projects in Libya

November 4, 2018

TRIPOLI, Nov. 3 (Xinhua) -- The chief executive of Italy's oil and gas giant ENI Claudio Descalzi confirmed on Saturday that the company had reached an agreement with the Libyan authorities to support power projects.

Descalzi made his remarks during a meeting with Libyan UN-backed Prime Minister Fayez Serraj in the Libyan capital Tripoli.

According to a statement issued by the prime minister's information office, the meeting discussed the company's projects in Libya and the possibility of staring new development projects in the country.

'Descalzi confirmed that the company reached an agreement with the National Oil Corporation and the General Electricity Company to support power projects and improve the efficiency of the public power network,' the statement said.

The Libyan state-owned National Oil Corporation announced early in October that it reached an agreement with ENI and British Petroleum to resume exploration in Libya.

ENI is one of Libya's largest foreign partners, managing a number of oil and gas fields.

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