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Eni Signs Memorandum of Understanding for Social Project in Libya

ENI Logo In the presence of Libya's Prime Minister al-Baghdadi Ali al-Mahmudi and Eni CEO Paolo Scaroni, Eni and the Libyan Government today signed a MoU for the realization of a social project in the El Agheila area, located in the Gulf of Sirte some 280 km west of Bengazi, Libya.

Eni will significantly invest in the project, which aims to build a thousand of houses as well as related infrastructures and a shipping port, together with industrial facilities such as a water desalination plant. Eni will be part of the steering committee along with Libyan Government, which will lead the works.

Eni has been active in Libya since 1959 and today is the largest foreign player in terms of hydrocarbon production, averaging this year 550,000 boe/d (Eni equity: 270,000). With this project, Eni confirms its commitment to corporate social responsibility, thus contributing to the sustainable development of Libya. In 2006, Eni also signed a multi-year Memorandum of Understanding with the Gaddafi Development Foundation and Libya's state company National Oil Corporation (NOC) for the implementation of an important and innovative programme of social projects in the country envisaging a series of initiatives aimed at professionally developing young Libyan graduates, building hospital facilities, preserving and rehabilitating archaeological sites, revamping school buildings and carrying out pilot interventions in the environmental and industrial sectors.

Published 19/12/2010

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