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San Donato Milanese (Milan), 18 July 2018 – The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumen Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthen of their partnership in the Berkine basin. In combination with the existing assets of BRN (block 403) and MLE (block 405b), the aim is creating a gas hub in the area.
Such agreement, which is part of the Framework Agreement signed last April at the "Technical Scientific Days" event in Orano, aims to develop an ambitious program to relaunch exploration and development in the area, by optimizing existing infrastructures and putting them in synergy with the ones newly built: a 180 Km line that will quickly connect BRN with MLE’s assets, transforming it into the Berkine basin’s main gas hub.
Eni and SONATRACH also agreed the commercial conditions for the 2018-19 thermal year, in line with the gas market. Additionally, as part of a strengthening of their cooperation and partnership, the two companies have agreed to begin a negotiation to look into extending the gas supply beyond the contractual deadline of 2019.
The Chief Executive Officer of Eni, Claudio Descalzi, commented: "This is a further step forward in the strategic expansion of our upstream activities in Algeria and in Eni’s renegotiation of long-term gas supply contracts. It also demonstrates a strong spirit of collaboration between SONATRACH and Eni, from exploration to the development of new projects in gas and renewable energy ".
Eni and SONATRACH also agreed to further strengthen their cooperation in petrochemical, renewables, offshore projects in Algeria and other international cooperation opportunities.
Eni has had a presence in Algeria since 1981 and currently operates 32 mining permits in the country, with an equity production of over 100,000 barrels of oil equivalent per day, making the company the country’s main international player.
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EnergIA is an innovative tool based on artificial intelligence capabilities, which can help you navigate the contents of eni.com, quickly finding answers to your questions. Start now!
EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
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Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
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Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
A new window into Eni’s world, at your disposal. EnergIA is an innovative tool based on artificial intelligence capabilities, which can help you navigate the contents of eni.com, quickly finding answers to your questions.