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Europe

Italian oil company Eni's CEO meets with Libyan premier

Associated Press
Published | Updated
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Italian oil giant Eni CEO Claudio Descalzi, left, and and Libya’s new prime minister, Fayez al-Serraj shake hands in Tripoli, Libya, Saturday, June 4, 2016. The CEO of Italian oil giant Eni has traveled to Tripoli for the first time since July 2014 to meet with the new head of Libya’s U.N.-backed government. Eni said in a statement that the meeting Saturday underlined Eni’s commitment to continuing operations in Libya and to support the National Oil Corporation’s efforts to increase production. (ENI via AP) (The Associated Press)

MILAN – The CEO of Italian oil giant Eni has traveled to Tripoli for the first time since July 2014 to meet with the new head of Libya's U.N.-backed government.

Eni said in a statement that the meeting Saturday between CEO Claudio Descalzi and Libya's new prime minister, Fayez Serraj, underlines Eni's commitment to continuing operations in Libya and to support the National Oil Corporation's efforts to increase production.

Eni was the first international oil company to resume operations in Libya in 2011 after months of civil war and currently produces 300,000 barrels of oil equivalent a day. Eni has maintained operations in the country, continuing both its exploration activities offshore as well as helping supply gas for local power plants for domestic consumption.