(Finance) – Enithrough its branch Eni North Africa, el’International Organization for Migration (IOM) they signed a 5-year voluntary cooperation agreement to help increase young people’s income and facilitate access to economic opportunities in the Fezzan region of Libya. The project will benefit 850 girls and boys and improve their vocational skills by supporting and upgrading technical and vocational education and training (TVET) centres, which are key to bridging the skills gap in the area’s workforce. In addition to rehabilitating and equipping facilities, the initiative will enable the implementation of industry-tailored learning modules to prepare jobseekers for employment opportunities.
The objective – Eni explains in a note – is create a stronger workforce in key sectors, such as agribusiness, linking training programs to the needs of the private sector in the Fezzan region and facilitating access to self-employment opportunities. This partnership will address the problem of youth unemployment by facilitating the inclusion of beneficiaries in the agriculture, construction and industrial sectors and improving young people’s prospects through education, training and employment services. The courses will also focus on soft skills, positive communication and conflict resolution, offering space for social cohesion among young people.
The partnership will contribute to the achievement of United Nations Sustainable Development Goals, with particular reference to n. 4 “Quality education”, at n. 8 “Economic growth”, and at n. 17 “Partnerships for the Goals”.
Eni, through its subsidiary Eni North Africa, has been operating in Libya since 1959 with a wide range of activities, from exploration and production to sustainability. As the country’s leading international gas producer, the company is committed to promoting access to energy and achieving a just transition together with its partners; approximately 75% of gas production is destined for the Libyan domestic market. Eni North Africa is also studying innovative solutions with the National Oil Corporation (NOC) to reduce CO2 emissions in sectors that are difficult to abate. Production activities are managed through the joint venture with Mellitah Oil and Gas BV – MOG (Eni 50%, NOC 50%) which is also a development partner. Equity production currently stands at 190,000 barrels of oil equivalent per day (December 2023).