Draghi to Biden: Libya can be a great supplier of oil and gas to Europe

Alwasat - Cairo Wed 11 May 2022, 06:19 PM
alwasat radio

Italian Prime Minister Mario Draghi addressed the Libyan file during his meeting with US President Joe Biden at the White House, stressing the importance of joint work in order to achieve stability in Libya.

Draghi added that Libya "can be a great supplier of gas and oil, not only to Italy, but to the whole of Europe".

The United States had previously warned of the repercussions of closing oil facilities in Libya on the global economy, according to a statement by the US Embassy on April 27.

Responsible Libyan leaders "must recognize that the shutdown harms Libyans throughout the country and has repercussions across the global economy, and should end it immediately", Washington said.

The United States had put forward a proposal for the creation of a temporary Libyan financial mechanism with broad support to address how Libya’s revenues should be spent in the absence of an agreed national budget."

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