Eni, Sonatrach Sign R&D, Decarbonization, Upstream Agreements
March 25 2021 - 1:19PM
Dow Jones News
By Joshua Stein
Eni SpA said Thursday that it has signed cooperation agreements
with Algerian oil-and-gas company Sonatrach SpA in the upstream,
research-and-development and decarbonization sectors.
The companies signed an agreement to create a gas and crude-oil
development hub in the Berkine basin region of Algeria, which is
part of a relaunch program of exploration-and-development
activities in the region, the Italian oil-and-gas major said.
Eni also said it signed a memorandum of understanding with
Sonatrach in the new-technologies sector, which will focus on
renewable energy, biofuels and hydrogen.
The companies will also collaborate in areas such as staff
training, Eni said.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
March 25, 2021 13:04 ET (17:04 GMT)
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