Robert Besser
01 Feb 2023, 12:40 GMT+10
TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major concerns for Italy and the European Union.
During the visit, oil companies from the two countries signed an $8 billion gas deal, the largest single investment in the Libyan energy sector in more than two decades.
Amid Moscow's invasion of Ukraine, Meloni aims to secure new supplies of natural gas to replace Russian energy, and she had previously visited Algeria, Italy's main supplier of natural gas, and signed several agreements.
Meloni, accompanied by Italian Foreign Minister Antonio Tajani and Interior Minister Matteo Piantedosi, met separately with Abdel Hamid Dbeibah, leader of one of Libya's rival administrations, and Mohamed Younis Menfi, chair of Libya's ceremonial presidential council.
During a round-table with Dbeibah, Meloni stressed that Italy wants to increase its profile in the region, though it does not seek a "predatory" role, but wants to help African nations "grow and become richer."
During the visit, Claudio Descalzi, CEO of ENI, Italy's state-run energy company, and NOC chairman Farhat Bengdara signed an $8 billion agreement with Libya's National Oil Corporation to develop two Libyan offshore gas fields.
Attending the signing ceremony, Meloni stressed that the deal was "significant and historic" and will help Europe in securing sources of energy.
"Libya is clearly for us a strategic economic partner, Meloni said.
Due to Moscow's war on Ukraine, Italy has moved to reduce dependence on Russian natural gas, and last year it reduced imports by two-thirds to 11 billion cubic meters.
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More InformationThe NHL indefinitely suspended Arizona Coyotes minority owner Andrew Barroway following his arrest on domestic violence charges in Colorado. Per ...
New Mexico State is turning to veteran coach Jason Hooten to rebuild its troubled basketball program. The school announced the ...
When the Denver Nuggets visited Milwaukee to face the Bucks two months ago, they did so without most of their ...
Two teams that received different outcomes in the first of back-to-backs will test their late-season endurance Saturday night when the ...
The New Jersey Devils will aim to reverse their recent fortunes and secure a postseason berth on Saturday when they ...
When the Philadelphia 76ers visit the Phoenix Suns on Saturday, both teams will be trying to bounce back from losses ...
The Carolina Panthers have traded kicker Zane Gonzalez to the San Francisco 49ers, his agent announced on Twitter on Friday. ...
Free agent wide receiver Marquez Callaway plans to sign with the Denver Broncos, ESPN reported Friday. He caught 16 passes ...
The Cleveland Browns are signing wide receiver Marquise Goodwin to a one-year contract, multiple media outlets reported on Friday. Financial ...
Philadelphia Eagles All-Pro right tackle Lane Johnson signed a contract extension on Friday. Terms of the deal were not disclosed ...
The Carolina Panthers have agreed to terms with wide receiver DJ Chark on a one-year deal, NFL Network reported Friday. ...
2022 record: 55-107, fifth in National League East Offseason headlines: Coming off the worst season since the franchise moved to ...