Eni pens cooperation deal in Congo
- Business & Finance
The Congolese Minister of hydrocarbons, André Raphael Loemba, and Eni CEO, Claudio Descalzi, in the presence of President of Congo Dennis Sassou Nguesso and the Italian Prime Minister, Matteo Renzi, have signed a cooperation agreement.
This agreement states Eni’s intention to pursue new initiatives in the Congolese coastal basin, which extends from onshore Mayombe to the deep-offshore.
The agreement was signed during the Italian Prime Minister’s official visit to the Republic of Congo. Claudio Descalzi confirmed the historical and strategic importance of the country for Eni while reaffirming the company’s best efforts to continue the development of its activities, especially regarding the fields for which the Congolese government has extended permissions (Madingo, Marine and Marine VI VII). These permissions were granted in late 2013, following strategic negotiations.
Eni has been operating in the Republic of Congo since 1968. 2013 production in the country was about 120,000 barrels of oil equivalent per day. In Sub-Saharan Africa, Eni is also present in Angola, Ghana, Gabon, Mozambique, Nigeria, the Democratic Republic of the Congo, Togo, Kenya and Liberia.