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Italy’s prime minister held talks in Libya on January 28 with officials from the country’s west-based government focusing on energy and migration.
During the visit, Italy’s state-run energy company, ENI, signed an $8 billion deal with Libya’s National Oil Corporation to develop two Libyan offshore gas fields.
The agreement involves developing two offshore fields in Block NC-41, north of Libya and ENI said they would start pumping gas in 2026, and estimated to reach 750 million cubic feet per day, the Italian firm said in a statement.
This is the largest single investment in Libya’s energy sector in more than two decades.
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