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The Chairman and General Director of the Algerian state company Sonatrach. Abdelmoumem Ould Kaddour. and the CEO of Eni. Claudio Descalzi. signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin. In combination with the existing assets of BRN (block 403) and MLE (block 405b). the aim is creating a gas hub in the area.
Such an agreement — which is part of the framework agreement signed last April at the `Technical Scientific Days` event in Orano — aims to develop an ambitious program to relaunch exploration and development in the area. by optimizing existing infrastructures and putting them in synergy with the ones newly built — a 180-km line that will quickly connect BRN with MLE’s assets. transforming it into the Berkine basin’s main gas hub.
Eni and Sonatrach also agreed to the commercial conditions for the 2018-19 thermal year. in line with the gas market. Additionally. as part of a strengthening of their cooperation and partnership. the two companies have agreed to begin a negotiation to look into extending the gas supply beyond the contractual deadline of 2019.
The CEO of Eni. Claudio Descalzi. commented. `This is a further step forward in the strategic expansion of our upstream activities in Algeria and in Eni’s renegotiation of long-term gas supply contracts. It also demonstrates a strong spirit of collaboration between Sonatrach and Eni. from exploration to the development of new projects in gas and renewable energy.`
Eni and Sonatrach also agreed to further strengthen their cooperation in petrochemical. renewables. offshore projects in Algeria and other international cooperation opportunities.
Eni has had a presence in Algeria since 1981 and currently operates 32 mining permits in the country. with an equity production of over 100.000 boed. making the company the country’s main international player.
