Eni announced Saturday that it has 21 employees remaining in Libya as the crisis escalates. In a statement the company also said that the number of employees would continue to decrease depending on the logisitics involved in repatriation and its operational needs.
It added that there were no volunteers operating in the country and that the repatriation of its employees is still underway in coordination with the Crisis Unit of the Italian Ministry of Foreign Affairs.
Other foreign oil companies such as BP are also pulling most if not all of their employees out of Libya with analysts at Japanese Bank Nomura Holdings predicting that the price of oil will hit US$220 a barrel if exports from Libya and Algeria are halted.
Brent crude which is being used as the benchmark to guage much of the region nearly hit $120 on Thursday, a 30-month high.
Adding fuel to the fire is a Facebook campaign calling for a “Day of Rage” on March 11 in Saudi Arabia – the world’s top oil producer.
