Libya-Italy Hold Talks on Renewable Energy Opportunities

0
450

On Monday, Libyan Oil Minister Mohamed Aoun said Libya and Italy are carrying out talks on transitioning from fossil fuels to renewable energy.

“We discussed ways Italy can help Libya convert from fossil fuels to cleaner energies. However, there is a slowdown in coordination,” Aoun told the Nova news agency. “ENI is one of the most important companies that has continued to work in the country in recent years. It also provides sustainable development programs in the country, including specific education and technical training programs,” he added.

Aoun said he believes that the oil production will be increased to 1.6 million barrels per day by mid-2022, “if there is the necessary funding.” Regarding a possible exemption of the quotas of cuts under the OPEC + agreement, Aoun said that discussions will be held on the matter, “given that Libya is still in a difficult situation”.

The Minister also talked about the distribution of oil revenues, the main source of income for the country, between the three historical regions – Tripolitania, Cyrenaica, and Fezzan.

“The oil wealth belongs to all Libyans and we assume that there will be sufficient attention for all parts of the country, and rational management in the capacities so that there is no injustice. The problem, in my view, is getting justice. If accurate statistics are made, there is no injustice in the distribution of oil revenues , but in their management,” he concluded.