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Eni Halts Libya Gas Exports To Italy After Local Clashes

Energy giant Eni SpA (E) has suspended its natural-gas exports from a northewestern Libyan complex following clashes between local militia, amid mounting concerns over the stability of North Africa's hydrocarbon supplies.The incident is latest of a spate of violent disruptions in the region after an attack on a natural-gas plant in neighboring Algeria left 40 workers dead and protests in Libya shut down an oil-export terminal.In a statement Sunday, Eni said that "after some clashes among local forces in the Mellitah area [Saturday], Mellitah Oil & Gas, the joint venture between the National Oil Corporation and Eni, decided for security reasons to halt the production... with the consequent interruption of the gas flow through the pipeline Greenstream, which connects Mellitah to Gela, in Italy." Libya's deputy oil minister Omar Shakmak confirmed that the "operation [is] shutdown" and there are "no export activities" from the Mellitah complex.The Eni spokesman said the company has reinfor...

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  1. BP's Libya Drilling On Hold-Report

    Plans for BP to begin drilling for oil and gas in Libya are in serious doubt in the aftermath of the terrorist attack on its gas production plant in neighboring Alge...

  2. Canadian police allege ex-SNC executive paid bribes to Gaddafi son

    A son of deposed Libyan leader Muammar Gaddafi allegedly received 120 million euros ($162 million) in bribes for giving major contracts in Libya to SNC-Lavalin Inc, ...

  3. Egyptians Protest on 2nd Anniversary of Arab Spring

    FNC Middle East and terrorism analyst Dr. Walid Phares on protests in Egypt.

  4. Libya Stepping Up Security at Oil Fields

    Libya is boosting security at its oil fields to avoid a repeat of the deadly terrorist attack last week in neighboring Algeria, the country's deputy oil minister sai...

  5. Algeria Attack a Sign of Al Qaeda’s Growth?

    FNC Middle East expert Dr. Walid Phares, former CIA operative Michael Scheuer and FNC contributor Monica Crowley on the Benghazi and Algeria attacks.

  6. Algerian Efforts to Free Hostages Turns Deadly

    Former U.S. Ambassdor to the U.N. John Bolton on the latest on the terrorist attack in Algeria.

  7. Hostage Situation Unfolds at BP Oil Field

    Former CIA Operative Mike Baker on the hostage situation in Algeria.

  8. Eni to Invest $8 Billion to Develop Libya Operations

    Italian energy company Eni SpA (ENI.MI) Sunday said it planned to invest $8 billion in Libya over the next 10 years to develop its production activities as well as c...

  9. Eni to invest $8 billion to boost Libya production

    Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading internation...

  10. Uganda and Kenya Issue Tenders to Build 350-Kilometer Oil Pipeline

    Special to DOW JONES NEWSWIRESKAMPALA, Uganda--The governments of Uganda and Kenya Thursday issued tenders for the construction of a 350-kilometer pipeline linking t...

  11. Will the Crisis Get Worse in Egypt?

    Former deputy assistant to the secretary of defense KT McFarland weighs in on the problems in Egypt.

  12. A Look at Sharia Law

    “Sharia Versus Freedom” author Andrew Bostom on how Sharia law impacts U.S. policy in the Middle East.

  1. Libya Fund Helps SEC in Goldman Investigation

    Libya's sovereign-wealth fund said it is cooperating with the U.S. Securities and Exchange Commission in its ongoing investigation into Goldman Sachs Group Inc. (GS)...

  2. Report: Libya Fund Helping SEC on Goldman Probe

    Libya's sovereign-wealth fund is reportedly helping the Securities and Exchange Commission's bribery probe into Wall Street heavyweight Goldman Sachs (NYSE:GS).The c...

  3. Three Ways the U.S. Can Solve Problems With Iran

    National-security expert KT McFarland on Iran's nuclear program.

  4. Former SNC-Lavalin CEO faces new corruption charges

    The former chief executive of SNC-Lavalin Group Inc , a Canadian construction and engineering company caught in a far-reaching misconduct scandal, faces six new frau...

  5. Eni Upgrades Dividend Despite Drop In Fourth-Quarter Profit

    Italian oil and gas company Eni SpA (E) Friday said it plans to increase its 2012 dividend by almost 4%, despite a similar-sized drop in fourth-quarter profit, pulle...

  6. Israeli Strike on Weapons Convoy in Syria

    FNC national security analyst KT McFarland on potential fallout from an Israeli attack on a weapons convoy in Syria and protests in Egypt.

  7. Council on Foreign Relations President on Sec. Clinton

    Council on Foreign Relations president Dr. Richard Haass on Secretary Clinton's testimony on the Benghazi attack.

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