State of Qatar Ambassador in Italy H.E. Khalid Youssef Al-Sada received FederPetroli Italia President Michele Marsiglia at the Embassy of the State of Qatar in Rome.

President Marsiglia expressed to Ambassador Al-Sada the closeness of the Italian Oil & Gas industry to Qatar, an Emirate, a strategic country in the Persian Gulf for international energy policies, expressing his gratitude for the growing intensity of bilateral relations and his appreciation for the important contribution that Qatar is bringing to the development of Oil Projects and exploration of gas fields, in which major italian companies and state-owned subsidiaries are involved.

“Off the Israeli coasts there are big natural gas resources, we are talking about Leviathan, one of the largest gas fields in the world in the Mediterranean Sea”, said the FederPetroli Italia’s President Michele Marsiglia, on the conflict that is affecting the Palestinian and Israelis territories.

If today a new phase opens in Tripoli with the transitional executive headed by Abdul Hamid Dbeibah, perhaps soon the Italian Oil & Gas companies will also return to Libya to support the fields of ENI and other important oil companies in partnership with NOC (National Oil Corporation)

“No risk of foreign escalations. With Saudi Arabia in ENI share capital, we won a lottery. A gift from the Prince Mohammad bin Salman” the statement of FederPetroli Italia’s president Michele Marsiglia,  following Bloomberg and Wall Street Journal rumors for an equity investment under Covid19 period by the Saudi Sovereign Wealth Fund (PIF – Public Investment Fund).

Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel.

(Bloomberg) –Italy’s refiners risk permanent supply chain disruption if the country’s lockdown runs into June and companies stockpile crude and reduce production, industry lobby FederPetroli Italia said.