Italian Energy Union: Libya is a value investment for Italy

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Italian Energy Union: Libya is a value investment for Italy

December 26, 2021 - 14:35
Written by: SafaAlharathy

The head of the Italian Energy Union, Michele Marsiglia, says it is difficult to invest in Libya as long as there is no stability.

Marsiglia was commenting on the closure of ports and fields and the postponement of elections in Libya.

In a press statement, Marsiglia hinted that Libya could become a hub for future Italian investments.

"Part of the Libyan energy industry needs complete restructuring, and 75% of Libya still needs exploration, so Libyan investments remain crucial for the future of the bilateral partnership," Marsiglia explains.