Italian firm to build $551 million platform offshore Libya
The government of Libya has commissioned an Italian gas firm to construct a €580 million ($551 million) sea platform northwest of Tripoli in the Mediterranean Sea. The new platform would enable the North African state to produce close to six billion cubic meters of gas annually, reported Xinhua.
The two countries collaborated this past February when Italy’s Eni Energy Company and Libya’s state-owned National Oil Corporation (NOC) awarded a one billion dollar contract to an international consortium for the planning and construction of hydrocarbon treatment plants in the outskirts of Mellitah, on the Libyan coast near Sabratah and in the desert area of Wafa.
Some two billion cubic meters of the plant’s output will be sold on the Libyan market, while the remaining eight billion will be exported to Italy via a 540-kilometer submarine pipeline. The construction of the one billion dollar sea-line connecting Mellitah to the Sicilian coast, will be operational by 2003. — (menareport.com)
© 2002 Mena Report (www.menareport.com)