Italy in need of USD 18 Billion to lift offshore ban

Note: This section contains information in English only.
Source: Bloomberg
The Italian government is trying to gather USD 18 billion to soften an offshore ban on oil and natural gas set by Silvio Berlusconi in 2010. The plan is to allow particular firms, such as Eni SpA, Edison SpA and Royal Dutch Shell Plc to start again offcoast explorations, which in the long term would attract more investors and would reduce the energy spending of the country by EUR 6 billion.

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