Eni, Sonatrach Agreement

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Italy's Eni and Algeria's Sonatrach have signed a memorandum of understanding on decarbonization and a separate deal to fast-track an oil and gas project in the eastern Berkine Basin. Eni said the decarbonization agreement envisages cooperation on renewables, hydrogen, carbon capture and storage and biorefining. European oil and gas majors are increasingly looking to combine traditional upstream hydrocarbon projects with renewable energy initiatives in the Middle East and North Africa. Eni had already agreed the upstream deal last year. It aims to develop 135 million boe of resources by the end of 2022 from the Menzel Ledjmet East and Central Area Field Complex assets. Eni has been present in Algeria since 1981.

Conventional Oil and Gas, Low-Carbon Policy, Upstream Projects
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