Sunday, October 5, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Economy

Eni’s €8 Billion Plan Aims to Rebuild Libya’s Oil Industry

June 14, 2025
Libya’s Oil Production Reaches 1.23 Million Barrels Per Day

Libya’s Oil Production Reaches 1.23 Million Barrels Per Day

Share on FacebookShare on Twitter

Italy is positioning itself as a major catalyst in reshaping Euro-African energy diplomacy, spearheaded by a bold €8 billion investment plan in Libya led by the Italian oil giant Eni.

According to a detailed report by South Africa’s Energy Capital & Power, this initiative, dubbed the “Mattei Plan,” aims to significantly strengthen Italy’s economic and strategic ties with Libya, opening new fronts in North African energy cooperation.

Under the Mattei Plan, Eni will divert up to €8 billion into Libya’s energy infrastructure. The investment targets a major step-change in bilateral relations after decades of instability, channeling funds into oil and gas fields, production facilities, pipeline networks, and transport links.

Analysts see the move as part of a broader Italian strategy to secure long-term energy partnerships with southern Mediterranean countries, particularly in light of the EU’s drive to reduce reliance on Russian gas.

The report highlights the upcoming Libya Energy & Economy Summit in 2026 as a pivotal platform for deepening Libyan-Italian cooperation. The summit is expected to bring together public and private sector leaders to coordinate investment strategies, finalize key projects, and position Libya as a central player in regional energy security.

Libya, alongside Algeria and Egypt, forms a critical pillar of Italy’s ‘Southern Energy Corridor’. With extensive hydrocarbon reserves, Libya plays a central role in Rome’s vision for diversifying energy sources and stabilizing its supply chains. Eni has repeatedly emphasized its belief in Libya’s untapped potential and its readiness to invest across multiple sectors—including health, education, renewable energy, and infrastructure—to support broader economic growth and stability.

The plan includes modernizing downstream facilities, expanding local refining capabilities, and developing transport infrastructure to enable Libya to meet domestic demand and increase export volumes. Italian officials and Eni executives argue that these projects will not only support Libya’s economic recovery but also promote regional stability and facilitate increased intra-Mediterranean trade.

Tags: EnergyEnigasItalylibyaoilOil Industry
Next Post
How Long Can Dbaiba Hold On as Libya Protests Intensify?

How Long Can Dbaiba Hold On as Libya Protests Intensify?

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya Ranked Among World’s Slowest Countries for Internet Speed

Libya Tightens Health Rules For Incoming Foreign Workers

Inter Milan to Face Atlético Madrid in Libya’s Benghazi

Haftar Praises Tribal Role in National Reconciliation

Libyan Central Bank Pledges Action Against Black Market Currency Trade

NIHRL Reports Violations Against Migrants in Libya

EDITOR PICKS

Libya Policy Brings Turkey & Italy Closer to Washington

Training Program for Libyan Architects Launched in Italy

Libya’s Brega Increases Daily Fuel Supplies to Southern Region

Libya Reports No Power Shortage After Completing 148 Energy Projects in Eastern Libya

Libya Ranked Among World’s Slowest Countries for Internet Speed

Haftar Praises Tribal Role in National Reconciliation

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR