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Oil & Gas

President Sisi meets Eni's CEO Claudio Descalzi

Posted: October 20, 2015 at 8:04 pm   /   by   /   comments (0)

eni meet

The President of the Republic of Egypt, Abdel Fattah Al-Sisi, and Eni’s  Chief Executive Officer, Claudio Descalzi, met in Cairo to discuss Eni’s activities in the country.

During the meeting, Eni’s CEO presented to President Al-Sisi the development plan for the Zohr field. The parties confirmed the joint commitment to accelerate the production start-up of the field.

Furthermore, they discussed the possibility of setting up a gas hub in the eastern Mediterranean Sea aimed at making the Egyptian transport and export facilities also available for the nearby discoveries.

Eni has been present in Egypt since 1954 through its subsidiary IEOC, a company which has always been a frontrunner in exploring and exploiting gas resources in Egypt since the discovery of the Abu Maadi Field in 1967.

Eni is the main hydrocarbon producer in Egypt, with a daily equity production of 190,000 barrels of oil equivalent.

(Eni Press Release)

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