Algeria has become the first gas supplier for Italy and now the Italian government aims to strengthen collaboration not only in the energy field. Meloni: "Strategic Partner"
The operation contributes to further satisfy the European needs for gas. Eni expects production in the African country to rise to over 2023 barrels of oil equivalent per day in 120.000.
In all, 15 agreements were signed, from renewables to major works. Meanwhile, the EU is making agreements with Azerbaijan to increase the flow through the TAP
Prime Minister Draghi and President Tebboune sign the agreement on energy passing through Eni and Sonatrach: the first step in freeing themselves from Russian gas. Also accelerated on renewables
New discovery by Eni and Sonatrach in the Algerian desert. Estimated 140 million barrels and production to start by September. Agreement with Air Liquide for decarbonisation in Europe
All options are in place to start reducing our dependence on Russia on several fronts: from renewables, to Tap, to regasification terminals. Very short and medium/long term target
The Gln3 order awarded in 2008 has been suspended. The maxi fine will weigh on Saipem's 2021 accounts. The company working on the new plan
At stake is the independence of Western Sahara which the Polisario Front, supported by Algeria, has claimed for some time but to which the king of Morocco offers only a timid autonomy - Here are the forces in the field
Acquittal confirmed for Eni and Scaroni - First instance sentence against Saipem overturned - Confiscation of 197 million dollars revoked
The agreement provides for the establishment of a new company: 51% will go to the Algerian Ministry of Defense and the remaining 49% to the Italian group
The hunt by foreigners for Made in Italy household appliance companies continues: after Nardi, the Algerians of Condor Electronics also buy Tecnogas - President Benhamadi: "To grow we need experience, design and beauty…
CEO Descalzi has signed an agreement that provides for the restart of the process of assigning ENI a 42,5% stake in BP's Exploration and Production Sharing Agreement in Libya - Sonatrach's number one announces an agreement in Algeria…
The Italian company has signed a memorandum of understanding with the state-controlled Elec El Djazair group. Algeria plans to install 13.500 MW of photovoltaics over the next 10 years and has launched the first stage of the plan
The company of built-in ovens, a prestigious Made in Italy brand, passes to Condor Electronics. The new owners have dismantled the factory and lines (in the Treviso area) to take them to Algeria where they will present the new Bordj plant at the end of July…
The Milan Public Prosecutor has asked for 6 years and 4 months for Scaroni in the trial on the alleged payment of a maxi bribe in Algeria by Saipem, an Eni subsidiary
The WSA forecasts an increase in the use of steel in 2017-18, particularly in Germany, where the 2,1% growth can count on the competitive advantage of high technology, and in Italy (+6%). But you risk losing an important target market…
The recognition could already take place in the 2017 financial statements, recognizing charges of this amount "not envisaged in the economic guidance", specifies the group's note. Provided the company does not appeal.
As reported by the IMF and Intesa Sanpaolo, in the two countries 2016 promises major downside risks for GDP due to an unfavorable agricultural season, driven by the depreciation of currencies and the collapse of tourism. The current account deficit is bad.
ALGERIAN BRICKBACKS - In addition to Eni's former number one, manager Antonio Vella, former Eni manager for South Africa, and the company itself under Law 231 were also acquitted. Saipem, on the other hand, will go to trial
Algeria today lives in a situation of political instability due to the health conditions of President Bouteflika and the threat of Islamic terrorism - At the same time, the country has low competitiveness and a bureaucratic machine that is too slow and…
Money on stock after news that the company will participate in the construction of a steel mill in Algeria - "The order represents about 30% of the estimated total order intake for the year."
For the former CEO of Eni and seven other people, the Milan prosecutor's office is asking for indictment for the alleged Algerian maxi bribe of almost 200 million dollars.
Renzi: "Ambitious project that boosts growth and jobs" - The president of Cevital, Issaad Rebrab: "We have a great project for Piombino, not only for the steel industry but for the creation of a logistics platform throughout the Mediterranean".
STEEL - The offers for the ex Lucchini plant in Piombino are ready but the "Bresciani" are completely absent and are paying for their individualism - The game is now played only between the Indians of Jindal and the Algerians of…
The two companies, Enel and Dragon Oil, were awarded two blocks in the Tinrhert and Msari Akabli areas. Algeria had auctioned 31 lots for the exploration and extraction of gas and oil.
