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ENI to invest 3 bln USD in Egypt

Accordo JIACC

Italian energy giant Eni will invest 3 billion U.S. dollars to develop gas fields in Egypt, Eni’s CEO Claudio Descalzi said Thursday

Source: Xinhua – “The company has already invested 8.4 billion dollars in Noroos and Zohr fields till now,” said Descalzi, noting that 70 percent of the company’s global investments are made in Egypt. Descalzi made the remarks during his meeting with Egyptian Petroleum Minister Tarek al-Molla. They discussed the progress of the development of the offshore Zohr gas field, which was discovered by Eni in 2015. Molla said last week that the production at Zohr will hit 1.75 billion cubic feet per day (bcf/d) by August

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