We have made 16 agreements in as many months, to strengthen our presence in the Middle East.
Eni has been working in the area since the 1950s thanks to the initiative of its founder Enrico Mattei, who began profitable, long-lasting collaborations with producing countries. We are now present in the United Arab Emirates, Iraq, Oman, the Lebanon and Bahrain.
Thanks to technical innovation and our expertise, we have achieved significant results in a short time.
From the recent agreements on exploring to those on refining, our projects in the Middle East are becoming more and more significant. The Downstream partnership also relies on an advantageous geographical location, which provides markets in Africa, Asia and Europe. ADNOC Refining runs three refineries, in the Ruwais and Abu Dhabi areas, with an overall refining capacity of more than 900,000 barrels a day. The Ruwais complex is fourth in the world in terms of production capacity and guarantees a high level of conversion.
CEO Claudio Descalzi describes the terms of the agreement with ADNOC Refining: from Italy to the Middle East, sharing strategies and skills in an increasingly important area. “We have developed various technologies in Italy that can be used to increase the flexibility, efficiency and effectiveness of Ruwais.”
An important connection that will allow us to grow, strengthen integration and increase our refining capacity was forged with the signing of the agreement with the Abu Dhabi National Oil Company (ADNOC) Refining. This saw Eni acquire a share of the Middle-Eastern company’s refining operations, one of the largest projects ever undertaken in the refining sector.
We signed agreements of huge strategic importance with the United Arab Emirates, Oman and Bahrain for exploring and producing large onshore and offshore oil and gas fields. Technological innovation, scientific expertise, quick start-up times and collaboration with our host countries have allowed us to strengthen our presence in a key area for the development of the energy industry.
Eni signs nine deals on the Arabian peninsula. The ink in Chief Executive Officer Claudio Descalzi’s pen is running low after a January signing spree which has seen Eni sign a multi-billion dollar refinery deal in the United Arab Emirates as well as secure eight new exploration and production deals across the Arabian peninsula…
In addition to the United Arab Emirates, Oman and Bahrain in the Middle East Eni is also present in Lebanon and Iraq.