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Eni and SONATRACH sign Memorandum of Understanding

Published by , Editorial Assistant
Hydrocarbon Engineering,

The Chairman and CEO of the Algerian state company SONATRACH, Rachid Hachichi, and the CEO of Eni, Claudio Descalzi, have signed a Memorandum of Understanding (MoU) to confirm their willingness to renew the gas supply contract and transportation arrangements through the pipeline crossing the Mediterranean Sea over the forthcoming years.

This MoU represents a further step towards the strengthening of the long term relationship between the two companies and set the basis of a new contractual framework taking into account the changes in the market conditions.

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