- BUSINESS MEETINGS AND AGREEMENTS
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Algiers (Algeria), December 10th 2020 – The Algerian Minister of Energy, Abdelmadjid Attar, met the Chief Executive Officer of Eni, Claudio Descalzi, today in Algiers to take stock of the company’s activities in the country, future projects and to discuss the energy transition, central to Eni’s new strategy.
Claudio Descalzi also met with the CEO of Sonatrach, Toufik Hakkar. During the meeting, an agreement was signed detailing the roadmap for a new hydrocarbon contract in the southern area of the Berkine Basin, under the aegis of the new Algerian oil law which came into force in December 2019.
The agreement falls within the memorandum of understanding aimed at collaboration in the upstream sector signed last July and has the goal of creating a new gas and oil development hub in the region through synergies with the existing assets of MLE-CAFC (Block 405b).
Toufik Hakkar and Claudio Descalzi agreed to implement a program for relaunching exploration and development activities in the area, through optimizing existing infrastructures, and to accelerate the speed with which its solutions are brought to the market by leveraging on the local content, replicating the model already adopted successfully for the “Berkine Nord” project.
Both the expansion of the BRN photovoltaic plant, first completed at the end of 2018, and the creation of a new photovoltaic plant at the MLE site, which will supply clean energy to the existing gas treatment plant while reducing emissions resulting from self-consumption of gas, were also verified.
These initiatives are part of the strategy that Eni and Sonatrach are developing using common assets, aimed at combining economic, financial and environmental sustainability.
Both companies share a target to reduce carbon footprint of natural gas production through the improvement of the energy efficiency of processes, the electrification of treatment plants and the abatement of fugitive methane emissions, through systematic and structured monitoring campaigns.
Toufik Hakkar and Claudio Descalzi also reiterated their willingness to collaborate in other areas through staff training, research and development, technology transfer, renewable energy and other fields linked to the gas and oil products markets.
At the end of the meeting, Eni’s CEO thanked Sonatrach for its consistent support and friendly and successful relationship: “Today’s agreement testifies to the commitment of Sonatrach and Eni to expand their partnership in Algeria, in line with their shared strategy of the accelerated development of their projects and pursuing their common objectives of decarbonisation as part of their commitment to achieve long-term carbon neutrality, reducing and compensating for climate-changing gas emissions up to zero.”
Eni has been present in Algeria since 1981 where currently operates 32 mining permits and where its equity production is 80,000 barrels of oil equivalent per day, making it the most important international company operating in the country.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
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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.
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