Eni gets cosy with Qatar Petroleum
Italian energy giant Eni and state-owned Qatar Petroleum have signed a
memorandum of understanding to pursue “opportunities of mutual interest” in
Qatar, the Mediterranean basin and north Africa.
Eni said in a statement the memorandum was signed by chief executive Paulo
Scaroni and Qatari Energy Minister Abdullah al-Attiyah on thesidelines of
the International Energy Forum in Italy yesterday.
Attiyah said the preliminary deal was a step towards the company’s goal of
developing projects in Africa and the Mediterranean with regional partners.
Scaroni said Eni was pleased to work with Qatar Petroleum on new projects. He
said Qatar, home to the world’s third-biggest gas reserves, was an important
partner for the company.
Qatar is aiming to use its massive gas reserves and strategic geographical
position to take a leading role in the booming global liquefied natural gas
market.
Under the memorandum, the companies will pursue opportunities “of mutual
interest” in new and existing oil and gas fields. The agreement also
“envisages the development of joint projects in the petrochemical industry
and power generation”.
21 April 2008 00:11 GMT
| last updated:
21 April 2008 09:12 GMT
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