Italy's Eni to invest $26B in Egypt, Libya, Algeria energy projects

Italy's Eni to invest $26B in Egypt, Libya, Algeria energy projects

Eni is already a leading foreign energy company in the region, with footholds in Algeria, Egypt and Libya.

Presidential decree approves deal with Italy on technical support - Egypt Independent

The official gazette published on Thursday Presidential Decree No. 438 of 2024 which approved an agreement between Egypt and Italy on offering technical for leather, furniture, and marble industrial zones. The agreement was signed on March 17, 2024. The House of Representatives approved the draft decree on January 13, 2025. The post Presidential decree approves deal with Italy on technical support appeared first on Egypt Independent.

Italian exports to Libya up by €2.27 billion or 34.2 percent in 2024

The Italian Embassy in Libya revealed last Tuesday (8 April) that Italian exports to Libya were up by €2.27 billion in 2024, a sharp increase of 34.2 percent. The export increases were led by the medical sectors (44.7%), automotive (43.4%), oil and gas (40.9%), chemical-pharmaceutical (32.2%), alongside significant rises in machinery (19.3%), agrifood (19%), and […] The post Italian exports to Libya up by €2.27 billion or 34.2 percent in 2024 ap…

Eni expecting second Plenitude stake sale to attract bids at €11bn-plus valuation amid PE interest

Eni is drawing renewed interest from private equity and infrastructure investors as it moves ahead with a second stake sale in Plenitude, its renewable energy and retail arm, which could now command a valuation north of €11bn ($12bn) including debt, according to a report by Reuters. The report cites Francesco Gattei, Eni’s Chief Transition, and Financial Officers confirming that the Italian energy major, which is actively pursuing a “satellite s…

Libya to Receive Significant Energy Investments from Eni

Claudio Descalzi, CEO of the Italian energy company Eni, announced that his company plans to invest approximately €24 billion across Libya, Algeria, and Egypt over the next four years to boost energy production. In a statement to Reuters, Descalzi revealed that Eni would invest over €8 billion each in Libya, Algeria, and Egypt. He noted that these three countries could play a significant role as hydrocarbon suppliers to Europe but require foreig…

Italy's Eni to invest $26bn in North Africa over next four years, CEO says

Source: Reuters.Italian energy group Eni will invest around 24bn euros ($26.24bn) in Algeria, Libya and Egypt over the next four years to help boost energy production, chief executive officer Claudio Descalzi said on Tuesday, 9 April 2025. Read more...