Libyan Oil Ministry Rejects $8 Billion Gas Deal With Eni ...Middle East

OILPRICE - Economy
Libyan Oil Ministry Rejects $8 Billion Gas Deal With Eni
source : OILPRICE ( Middle East ) () 23
Libya’s Oil Ministry has rejected the huge $8-billion deal that the Italian energy giant signed with the Libyan National Oil Corporation (NOC) this weekend, saying that the agreement violated legislation and was not approved by the ministry prior to the signing.   Eni’s chief executive Claudio Descalzi and the CEO of the National Oil Corporation of Libya, Farhat Bengdara, agreed on Saturday on the development of “Structures A&E”, a strategic project aimed at increasing gas production to supply the Libyan domestic…

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