Second Visit To Algeria By “Eni” Executive Director Within Two Months

date 2017/05/19 views 7367 comments 0

icon-writer By: Hassan. H. /English Version: Med.B

Sonatrach's new CEO Abdelmoumen Ould Kaddour, received in Algiers the Executive Director of the Italian energy group ENI, Claudio Descalzi, said Thursday a statement from Sonatrach.

The talks between the two sides focused on the state of the partnership between Sonatrach and ENI, "characterized by a long-standing cooperation between the two companies in the hydrocarbon industry in Algeria," the statement added.

During the encounter, Mr. Ould Kaddour assured his host of the availability of Sonatrach to further bolster the partnership with ENI notably in the upstream, petrochemical, research and development and in the marketing of natural gas and LNG.

In this respect, he recalled that Sonatrach remained "open to any proposal for mutually beneficial collaboration with the Italian energy group".

For his part, Mr. Descalzi said he was delighted to discuss with Sonatrach the issues of interest for the two companies, stressing that ENI had "great ambitions to intensify its partnership with Sonatrach in new projects, in Algeria itself and internationally".

Sonatrach and ENI signed several cooperation agreements in the energy sector in November 2016 in Rome (Italy) .

These agreements extend to exploration and other areas of activity such as renewable energy development, refining, petrochemicals as well as research and development.

It should be noted that the Italian energy group ENI has strengthened its presence in Algeria in the previous year, both for oil and gas production and for research and exploration contracts.

These results came after a series of "secret" visits to Algeria by the executive director of the Italian energy company ENI (Ente Nazionale Idrocarburi), Claudio Descalzi, which makes of this company, through its long presence in Algeria, the second in Africa in terms of energy-related licenses.

These last visits took place in January and November 2015 and April 2016 respectively, when the Executive Director of ENI met with the Prime Minister, the Minister of Energy and the Sonatrach CEO.

ENI, which has been present  in Algeria since 1981, with a production of 100 000 barrels / day, is considered the first foreign energy producer in Algeria.

And consequently, ENI came back strong after the scandal that jolted its subsidiary “Saipem”, accused of having paid bribes to some Algerian energy officials in exchange for very lucrative markets.

Furthermore, ENI's financial statements for the year 2015 show that this group has strengthened in Algeria and is continuing its development activities in hydrocarbons, in particular at the MLE oil field in Hassi Messaoud, where ENI holds 75% and where production is expected to reach around 30,000 barrels / day by the end of 2017.

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