Eni, Egypt Explore Cooperation On Natural Gas Production
Date
10/29/2024 7:14:50 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 29. President Abdel
Fattah el-Sisi of the Arab Republic of Egypt met with Claudio
Descalzi, Chief Executive Officer of Eni, to review the company's
ongoing operations in Egypt and explore potential areas for
collaboration, Trend reports.
The meeting was attended by Egyptian Oil Minister Karim Badawi
and Eni's Global Natural Resources Chief Operating Officer Guido
Brusco.
The discussions focused on Eni's initiatives aimed at enhancing
natural gas production through both onshore and offshore projects.
The leaders emphasized Egypt's pivotal role as a gas hub in the
eastern Mediterranean, highlighting the country's robust gas
processing and LNG export infrastructure.
Descalzi also addressed the energy transition, reiterating Eni's
commitment to accelerating decarbonization efforts. He outlined
plans to reduce methane emissions, enhance energy efficiency, and
expand renewable energy initiatives.
The meeting also commemorated the 70th anniversary of Eni's
operations in Egypt, marking its first international engagement
outside Italy, which began in 1954.
As Egypt's leading hydrocarbon producer, Eni operates through
its subsidiary IEOC and reported an equity production of
approximately 318,000 barrels of oil equivalent per day in
2023.
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