By Joshua Stein 
 

Eni SpA said Thursday that it has signed cooperation agreements with Algerian oil-and-gas company Sonatrach SpA in the upstream, research-and-development and decarbonization sectors.

The companies signed an agreement to create a gas and crude-oil development hub in the Berkine basin region of Algeria, which is part of a relaunch program of exploration-and-development activities in the region, the Italian oil-and-gas major said.

Eni also said it signed a memorandum of understanding with Sonatrach in the new-technologies sector, which will focus on renewable energy, biofuels and hydrogen.

The companies will also collaborate in areas such as staff training, Eni said.

 

Write to Joshua Stein at joshua.stein@wsj.com

 

(END) Dow Jones Newswires

March 25, 2021 13:04 ET (17:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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