Africa Intelligence: Memorandum of Understanding between Italian ENI and National Oil Corporation Fails for These Reasons

The French intelligence website, Africa Intelligence, stated today, Monday, in its article that the project of the Italian company ENI is set to fail in Libya due to the eruption of a battle between the Minister of Oil, Aoun, and the National Oil Corporation.

The French website pointed out that the major Italian oil company ENI’s project to operate the NC7 gas plant in Al-Hamada oil field in Libya may collapse.

It is worth mentioning that on March 25, 2019, in its headquarters in Tripoli, the National Oil Corporation signed two memoranda of understanding with ENI, one of the largest Italian oil companies. The first memorandum involves the formation of a management committee to oversee the gas production process in Sabratah Offshore (A, H) blocks under the concession (M-N-41).