Libya’s oilfield closures have intensified with production at the Sarir field nearly coming to a standstill, according to two field engineers. This development is part of an escalating political conflict over control of the Central Bank of Libya (CBL) and the nation’s oil revenues.
Minister of Petroleum and Mineral Resources Karim Badawi has met with a high-level delegation of officials from the Italian company Eni, the largest investor in the energy sector in Egypt. Eni’s delegation included Guido Brusco, Eni’s Chief Operating Officer-Natural Resources; Martina Opizzi, Eni’s Head of the North Africa and Levant region; Luca Vignati, Eni’s Director of Upstream; and several company officials.