Eni and Sonatrach develop partnership in the renewables sector

Eni and Sonatrach develop partnership in the renewables sector

Editorial Staff
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The MoU signed in Algiers reaffirms Eni's commitment to promoting sustainable development in the North African country

Abdelmoumen Ould Kaddour, the Chairman and General Director of Sonatrach and Claudio Descalzi, the Chief Executive Officer of Eni signed in Algiers a Memorandum of Understanding for the development of a partnership in the renewables sector. The MoU aims at identifying, in Sonatrach’s productive sites, areas in which to build solar power production units, performing the feasibility studies in the selected sites, and elaborating the business model for the projects to be developed. Ould Kaddour commented: "Sonatrach wants to strengthen its partnership with Eni also in the Upstream, petrochemicals, R&D and marketing sectors, and we are open to all collaboration proposals". Descalzi declared "Today we confirm our engagement in promoting a sustainable development in Algeria, as an integral part of our energy transition strategy aimed at increasing the use of energy from renewable sources. We also want to intensify our partnership with Sonatrach with new projects, in Algeria as well as abroad".