Agreement Of Eni

“The ENI global agreement confirms the Italian multinational`s willingness to comply with the standards set by the ILO. Great progress has been made and many improvements have been added. “The agreement with Statoil, which is particularly important given recent international political developments, is part of Eni`s efforts to renegotiate all long-term third-party gas supply contracts, with the aim of achieving a competitive portfolio by January 1, 2016,” Eni said. An Eni official, who declined to be identified in accordance with company policy and confirmed that the reference to the situation in Ukraine was, declined to comment on the details of the deal. The agreement is of paramount importance to all parties involved and resolves all ongoing disputes. In particular, Egypt continues on the path of developing the important energy resources developed by Eni in the country and reactivates a strategic asset for the country, while Eni concludes a major reorganization of its portfolio of activities in the Mediterranean basin. The effectiveness of the agreements is subject to the entry into force of certain conditions precedent. With this agreement, Eni is strengthening its presence in Bahrain, in line with its strategy to diversify its exploration portfolio in liquid hydrocarbon potential basins, as is the case in this region of the Middle East. In the Middle East, Eni is already present in the United Arab Emirates, Iraq, Oman and Lebanon. The agreement covers the agreement concluded on 25th Strategic Cooperation Agreement signed between the two companies on 1 April 2012, under which Eni and Rosneft will create joint ventures (Eni 33.33%, Rosneft 66.67%) for the joint development of the Fedynsky and Tsentralno-Barentsevsky licenses in the Russian offshore barents Sea and the Zapadno-Cernomorsky license in the Black Sea. Cairo, 27 February 2020 – Eni today signed a number of agreements with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), Egyptian Natural Gas Holding Company (EGAS) and Spain`s Naturgy, paving the way for the return to service of the Damietta liquefaction plant in Egypt by June 2020. The final agreement, which follows the heads of agreement signed on 27 February 2014, marks the end of the arbitration proceedings previously initiated by Eni.

During the three years of the previous agreement, Eni and Fincantieri collaborated in the development of several floating offshore production platform concepts with a modular and reversible approach, developed according to a Fincantieri patent, a floating gas to methanol with Eni technology and an independent power floating plane (FIPP). . . .

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