On 1 July 2020 Eni CEO Claudio Descalzi and Sonatrach CEO Toufik Hakkar met in Algiers. The two companies signed a Memorandum of Understanding (MOU) in the presence of Algeria's Energy Minister Abdelmadjid Attar on expanding collaboration in upstream activities. The agreement provides tor joint work aimed at identifying exploration, development and production opportunities based on the new hydrocarbons law and extending the fast-track development model successfully applied in the Berkine Nord project.
Sonatrach & Eni signed a MOU on expanding collaboration in upstream activities. The agreement provides tor joint work aimed at identifying exploration, development and production opportunities based on the new hydrocarbons law and extending the fast-track development model successfully applied in the Berkine Nord project.