Eni Signs Agreement on Oil, Gas Development in Algeria
December 10 2020 - 9:40AM
Dow Jones News
By Cecilia Butini
Eni SpA said Thursday that it has signed an agreement with
Algerian state energy company Sonatrach to create an oil-and-gas
development in the region.
The Italy-based energy company said Chief Executive Claudio
Descalzi agreed with Sonatrach's chief executive to implement
exploration and development activities in the southern part of the
Berkine Basin, in eastern Algeria. These activities would be
carried out through existing infrastructure, it said.
The agreement comes within the framework of a memorandum of
understanding the companies signed in July to collaborate in the
upstream sector--the part of the oil-and-gas industry which
revolves around exploration and production.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
December 10, 2020 09:25 ET (14:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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