Italy's energy giant Eni SpA (E) said Monday it signed a memorandum with the Libyan National Transitional Council, or NTC, that strengthens co-operation in the country and paves the way to the restart of Eni's oil and gas operations there.
Italy
's
energy giant Eni SpA (E) said Monday it signed a memorandum with the Libyan
National Transitional Council, or NTC, that strengthens co-operation in the
country and paves the way to the restart of Eni's oil and gas operations there.
Under the terms of the agreement Eni and NTC committed "to creating the
conditions for a rapid and complete recovery of Eni's activities in Libya and
to doing all that is necessary to restart operations on the Greenstream
pipeline" that brings gas from Libya to Italy.
Following previous pledges by the Italian government, Eni will provide a first
supply of refined petroleum products to the transitional government, to
contribute to the basic and most urgent needs of the Libyan population.
Eni will also provide technical assistance to assess the state of facilities
and energy infrastructure in
Libya
and
to define the type and extent of operations required to safely restart the
activities.
Eni, which is the largest foreign player in
Libya
, has
been active in the country since 1959.
Monday, the Italian company said it is evaluating with NTC "various
possible forms of co-operation in order to ensure the timely resumption of
operations in the oil and gas sector and to enhance the country's natural
resources to benefit the Libyan people and in respect of the existing
contract."
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