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Tag: Libya

Italy’s ENI signs accord with BP, Libya to take over EPSA operation

Italy’s ENI signs accord with BP, Libya to take over EPSA operation

Business
Oct. 8 (UPI) -- Italian oil major Eni on Monday signed an accord with BP and Libyan officials under which Eni will get a 42.5% interest in an exploration and operation sharing agreement in the North African country, as well as become operator of an area where exploratory activities were suspended four years ago. The Libyan National Oil Corporation, or NOC, Chairman Mustafa Sanalla, BP chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi on Monday signed a letter of intent to make this possible, according statements by both BP and Eni. BP currently holds an 85 percent working interest in the Exploration and Production (EPSA) sharing agreement in Libya, with the country's Investment Authority holding the remainder. Negotiations related to the accord, which aims at res...
Armed groups in Libya torturing migrants, selling slaves, U.N. says

Armed groups in Libya torturing migrants, selling slaves, U.N. says

World
March 21 (UPI) -- Seven years after the U.S. and NATO-led effort to remove Libyan leader Muammar Gaddafi, armed groups are committing human rights abuses and people are being sold in slave markets, according to United Nations officials.Andrew Gilmour, United Nations Assistant Secretary-General for Human Rights, said the situation in Libya has not improved since Gaddafi was toppled and killed in 2011. Armed groups with no connection to the government have proliferated throughout the country and are detaining people arbitrarily and subjecting them to torture and murder."Extrajudicial and unlawful killings are rampant," Gilmour said. "In what has become an increasing pattern in and around Benghazi over the last two years, more bodies with signs of torture and hands bound were found in the str...