Eni
September 8, 2022
Italian energy group Eni said on Wednesday it had agreed to acquire BP’s business in Algeria, including two major gas fields.
Eni said it would take BP’s stakes in the In Salah and In Amenas gas fields in southern Algeria, confirming what sources had told Reuters earlier this year.
Together with the new contracts of Berkine South and Block 404/208 recently signed, Wednesday’s move creates new and synergic development opportunities, mainly focused on increasing gas production, Eni said.
Eni holds long-term gas contracts with state-owned energy giant Sonatrach and has historic ties with Algeria.
REUTERS
