Descalzi: Eni to Invest in Algeria, Libya & Egypt Over Next 4 Years

published:10/04/2025 06:10 GMT

Italian energy group Eni will invest around €24 billion (US$26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said. The investments would coincide with the Rome government’s efforts to relaunch its economic and political ties with Africa as part of its so-called Mattei Plan. Eni is already a major foreign investor in North Africa’s energy sector. Descalzi said the three countries can play an important role as hydrocarbon...More