Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because Algeria still has a lot of gas,” Eni CEO Claudio Descalzi told an energy conference in the western Algerian city of Oran, adding that Eni was eyeing the OPEC member’s offshore holdings. “Offshore is very interesting in Algeria, we are working on it.
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