Algerian-Italian Cooperation Thrives as Mohamed Arkab Receives Eni CEO, Claudio Descalzi
BY: Hana Saada
Algiers, Algeria – In a significant display of the strong and enduring partnership between Algeria’s Sonatrach group and Italy’s ENI, the Minister of Energy and Mines, Mohamed Arkab, hosted a meeting this Thursday with Claudio Descalzi, the CEO of ENI. During their discussions, they underscored the historical significance of their collaboration and explored ways to enhance and expand their cooperation within the framework of existing agreements.
The talks also delved into ongoing projects and investment opportunities in the fields of hydrocarbons, hydrogen, renewable energies, and strategies to bolster production and exports. Moreover, the two leaders analyzed the current state of the international natural gas market and its potential for development, alongside a vision for future investments and a burgeoning “electrical interconnection” initiative between Algeria and Europe via Italy.
The partnership between Sonatrach and ENI has long been a cornerstone of Algeria’s energy sector. Both parties have acknowledged the mutual benefits that have been derived from this fruitful collaboration over the years. Their shared belief in the strength of this partnership and the potential for its growth was palpable in their discussions.
According to a press release, the Sonatrach-ENI collaboration was described as “historic and excellent,” signifying the tremendous strides made in the field of energy. Both Arkab and Descalzi see this partnership as a model for international cooperation in the energy sector.
The conversation revolved around the ongoing projects in the hydrocarbon sector, demonstrating the commitment of both parties to enhancing oil and gas production and refining processes. Additionally, the talks extended into the development of hydrogen as a sustainable energy source and the exploration of new and renewable energies. This underscores Algeria’s dedication to expanding its energy portfolio, embracing cleaner technologies, and fostering environmental sustainability.
Furthermore, Arkab and Descalzi discussed investment opportunities that have the potential to boost production and exports. The pursuit of these opportunities is not only beneficial for both companies but also stands to strengthen the Algerian economy.
Addressing the international natural gas market, the two leaders evaluated its current state and the evolving trends within the industry. Their forward-thinking approach and commitment to staying ahead of market developments reflect their dedication to enhancing the economic ties between Algeria and Italy.
Notably, the talks also touched upon the visionary “electrical interconnection” project, which aims to bridge the gap between Algeria and Europe via Italy. This initiative, once realized, is expected to play a crucial role in the region’s energy landscape.
In response to these discussions, Claudio Descalzi expressed his satisfaction with the current level of cooperation between ENI and Sonatrach. He expressed his wishes for intensified investments in Algeria and a commitment to advancing the partnership to support the launch of new projects, not only in Algeria but also on the international stage. Descalzi’s enthusiasm mirrored the sentiment shared by both parties about the robust prospects of this enduring partnership.
