Special to WorldTribune.com

LONDON — A Western major plans to invest in Libya’s damaged
energy sector.

Italy’s Eni plans to invest up to $35 billion to expand its presence in
Libya. Executives said the company, which has been increasing its crude oil
production, would allocate the investment over the next 20 years.

“We have resumed our activities [in Libya] in a very satisfactory way
which is above our most optimistic expectations,” Eni chief executive
officer Paolo Scaroni said. “Libya for us is back to being business as
usual.”

Scaroni said Eni was producing about 200,000 barrels of oil per day in
Libya. He told a seminar in Milan that energy production would reach
the level prior to the revolt against Col. Moammar Gadhafi by June 2012.

  Col. Moammar Gadhafi, Eni, Italian oil firm to invest $35 billion in Libya: ‘Back to business as usual’, Milan, Paolo Scaroni