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OIL AND GAS
Italy defence ministry seeks closer ties with Libya
by Staff Writers
Rome (AFP) Aug 5, 2020

Italy's defence ministry said on Wednesday it would strengthen cooperation with Libya, citing a willingness for improved relations with the war-torn country's UN-recognised government.

Italian Defence Minister Lorenzo Guerini met in Tripoli on Wednesday with Fayez al-Sarraj, the head of Libya's Government of National Accord, the ministry said in a brief statement.

Both countries will collaborate on reclamation and demining activities, the ministry said, while expanding cooperation in medicine and military health within the Misurata hospital, which it said would be moved to a "more functional area".

The statement also cited construction of a new hospital centre in Tripoli, and a plan to train Libyan military officers and cadets.

The ministry cited a "mutual willingness" to cooperate on defence "for an improvement" in relations.

Libya's unity government, with Turkey's backing, is battling forces loyal to strongman Khalifa Haftar, who has support from Egypt, Russia and the United Arab Emirates. A year-long push by Haftar to seize the capital of Tripoli was repelled in June.

Italy's foreign minister, Luigi Di Maio, met al-Sarraj in late June, promising that a Mediterranean naval operation to enforce an ongoing arms embargo would be effective.

Italy, which is the main arrival point for migrants leaving Libya, signed an agreement with Libya in 2017 for its coast guard to block migrants before they can reach Europe.

Rights groups have severely criticised the deal, as migrants are returned to overcrowded detention centres in Libya, where many are victims of abuse and even torture.


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OIL AND GAS
Oil giant BP plunges into $16.8-bn quarterly loss
London (AFP) Aug 4, 2020
BP plunged into a quarterly net loss of almost $16.85 billion as the coronavirus pandemic ravaged oil demand and prices, triggering huge asset writedowns, the British energy giant announced Tuesday. The company responded by cutting its dividend for the first time since the Deepwater Horizon oil rig disaster in 2010 that damaged BP's finances and reputation. "The ongoing severe impacts of the COVID-19 pandemic continue to create a volatile and challenging trading environment," BP said in Tuesday' ... read more

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