Eni in Libya Deal

Eni in Libya Deal

Italian gas company Eni signed new gas and oil contracts with Libya that run until 2047.

The six exploration and production sharing contracts with the Libyan state-owned National Oil Company will help Eni increase production in Libya and ensure greater energy security for Italy, Eni said in a statement.

The new oil contract expires in 2042 and the new gas contract in 2047, the company said.

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