Algeria’s Sonatrach signs two energy agreements with Eni-SABC News

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Algeria’s Sonatrach signs two energy agreements with Eni-SABC News​

ernestalonso3 hours ago
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Sonatrach said in a statement that Algerian oil and gas company Sonatrach and Italian energy group Eni signed an agreement on hydrocarbons and energy conversion on Tuesday.

According to Sonatrach, the first agreement is a $ 1.4 billion exploration and production contract for the production of 45,000 barrels of oil equivalent per day in the Barkain Basin region of southeastern Algeria.

The agreement covers a total area of 7,880 square kilometers in the southern part of the Barkine Basin, which Sonatrach and Anyi have been operating since 2013.

According to Sonatrach, the second agreement on cooperation in the field of energy conversion is aimed at “strengthening existing technical cooperation and pursuing efforts to reduce carbon dioxide emissions.”

Sonatrach added that the agreement will focus on the joint development of renewable and new energies, especially in solar energy production, lithium exploration, biofuels and hydrogen production.

Algeria’s Sonatrach signs two energy agreements with Eni-SABC News

Source link Algeria’s Sonatrach signs two energy agreements with Eni-SABC News
 

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