The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Italian PM Mario Draghi wants to deepen ties and trade with Mediterranean countries such as Algeria and Libya, which are key partners in Italy’s rush to replace Russian energy imports.
Draghi last month signed a deal to boost gas deliveries from Algeria and wants to enhance stability in Libya, once a key energy partner that has been beset by internal strife. Italy can become a crucial hub linking oil and gas reserves in Africa and the Mediterranean basin to the rest of Europe. “We need to strengthen energy cooperation among Mediterranean countries,†he said.