Eni-Sonatrach, sign new agreement

Eni-Sonatrach, sign new agreement

Editorial Staff
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The President and CEO of Sonatrach, Amine Mazouzi, and the CEO of Eni, Claudio Descalzi, reached an agreement that will strengthen long-term energy cooperation between the two companies

During the meeting, Sonatrach President Mazouzi and the CEO og Eni, Descalzi, signed an agreement in the upstream sector and on gas supply contracts, as well as lasid out the terms for a cooperation in the propotion and develop,ent od renewable energy sources and also regarding research and development sector  to new segments of the energy sector. The developments are in line with commitments expressed during the meeting held on September 22 in Boumerdès. "Thanks to these agreements, Eni, which was the first international oil company to enter Algeria, confirms its willingness not only to consolidate its presence in the oil & gas sector, but also to promote sustainable development through renewable energy and the transfer of technology in the country", said Claudio Descalzi, CEO of Eni.