The Chairman and General Manager of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed a series of agreements aimed at strengthening the integration between the two companies in jointly operated activities in the country. This will be achieved through important synergies that will lead to significant cost savings and improved operational efficiency.

The launch of an ambitious exploration and development program in the Berkine basin will be particularly important. It will lead to the production of new gas reserves through the use and optimization of existing infrastructures.

Eni and SONATRACH have also signed specific agreements to continue their collaboration in the R&D sector, following the agreements concluded in November 2016.

The signing of these major agreements took place within the technical event “11èmes journées scientifiques et techniques”, organized by SONATRACH to promote innovation in the global context of the energy transition.

Eni's CEO, Claudio Descalzi, commented: «The renewed collaboration between our companies, enshrined in today's agreements, allows Eni to make a further important step forward in a key country like Algeria and to consolidate further our strategic partnership with SONATRACH. Furthermore, the forthcoming construction of a renewable energy laboratory and of a photovoltaic plant at the BRN production site is another step in Eni's decarbonisation process. This process includes the development of green businesses through increasing commitment to renewable energy sources and to scientific and technological research».

Eni has been present in Algeria since 1981 and currently participates in 32 mining permits with an equity production in the country of about 100,000 barrels of oil equivalent a day, which makes the company the main international player in the country.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About Sonatrach

Sonatrach is the largest oil and gas company in Algeria and Africa. The company operates in exploration, production, pipeline transportation and marketing of hydrocarbons and by products.