Libya Sees More Deals After Eni’s $8 Billion Gas Investment
- Eni’s investment is the biggest in Libya in 25 years, says NOC
- Days of oil-field closures are over, says NOC Chair Bengdara
Farhat Bengdara
Photographer: Mahmud Turkia/AFP/Getty Images
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Libya’s state energy firm said it expects to sign more deals with foreign companies after Eni SpA agreed to invest $8 billion to extract natural gas in the North African country.
“The energy sector has not witnessed an investment of this magnitude for more than a quarter of a century,” Farhat Bengdara, the chairman of Libya’s National Oil Corp., said to Bloomberg. It’s “a clear message to the international business community that the Libyan state has passed the stage of political risks.”