Eni expresses readiness to further extend partnership with Sonatrach

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Italy’s Eni inked, on Tuesday, April, 17th, 2018, a series of  agreements with Sonatrach for the sake to further extend partnership with that firm, Finanza report reported.

Sonatrach’s CEO Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed, on Tuesday, a series of agreements aimed at strengthening partnership between both companies.

Among other things, an exploration and development program is launched in Algeria’s Berkine basin, which will lead to the production of new gas reserves, using existing infrastructure.

In this aspect, Eni’s CEO, Claudio Descalzi, commented: «The renewed collaboration between our companies, enshrined in today’s agreements, allows Eni to make a further important step forward in a key country like Algeria and to consolidate further our strategic partnership with SONATRACH. Furthermore, the forthcoming construction of a renewable energy laboratory and of a photovoltaic plant at the BRN production site is another step in Eni’s decarbonisation process. This process includes the development of green businesses through increasing commitment to renewable energy sources and to scientific and technological research».

Eni has been present in Algeria since 1981 and currently participates in 32 mining permits with an equity production in the country of about 100,000 barrels of oil equivalent a day, which makes the company the main international player in the country.




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