Wanna be rich? Move to Libya
Paolo Scaroni, CEO of Italian energy giant Eni, says that Libya is likely to have a future where "everyone is going to be wealthy."
Scaroni said he receives daily reports about production and that fluctuations are large on a daily basis. He said he believes it will be many months, if not years, before there is stability in production levels.
"The major goal of [deposed Libyan dictator Moammar] Gadhafi was to destroy every Libyan institution," he said, "so at the end of the revolution, they found themselves with no institutions whatsoever."
That situation is contrary to other countries in the region, Scaroni said. "Tunisia has very strong unions; Egypt a very strong army; Algeria, both army and unions. Libya, nothing," he said. "How to move from nothing to a solid institution? It will take a long time."
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CNBC spoke with Scaroni the day after news broke about the U.S. capture of suspected bombing mastermind and al-Qaeda leader Abu Anas Al-Libi in Tripoli. He was unfamiliar with the event, yet seemed nonplused.
"I go all the time. … In my view, Libyans are among the most pacific (people) in the world. Because in a country where every family has at least one weapon, there is no police, no army. … In total, the situation is pretty calm," he said. "Imagine any other country in a similar situation."
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Still, Scaroni noted a sharp contrast between the Libyan and Egyptian revolutions. "You know we're the largest oil company in Egypt as well. Egypt has troubles. You've seen yesterday 40 casualties, but what is important is a huge difference between Egypt and Libya is that even during the whole revolution, we never lost one barrel of oil production."
"That is, Egyptians have been wise enough to understand that whatever political situation we will end up with, they will need the resources coming from oil and gas," he continued. "So at the end, they've been wise. We'll continue to produce in Egypt. Egypt is probably close to an end of its turmoil. We will see which end, but it's close to the end. But for the time being, everything's fine with our production there."
—By CNBC's Michelle Caruso-Cabrera. Follow her on Twitter @MCaruso_Cabrera.