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BREAKING
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal
Hamas official says the response fails to meet any of the just and legitimate demands of our people
Hamas official says it is clear that the Israeli response fundamentally seeks to entrench the occupation
Reuters citing Hamas official: Group received Israeli response to Witkoff proposal
Sources to Al Mayadeen: The news regarding a press conference tonight by the head of the Hamas movement in the Gaza Strip, Khalil Al-Hayya, is false.

Eni acquires BP's oil concessions in Algeria

  • By Al Mayadeen English
  • Source: Agencies
  • 28 Feb 2023 23:28
2 Min Read

Eni's production in Algeria is projected to increase to more than 130,000 barrels of oil per day in 2023

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  • The logo of Italian energy company Eni at a gas station in Rome, Italy September 30, 2018 (REUTERS/Alessandro Bianchi)
    The logo of Italian energy company Eni at a gas station in Rome, Italy September 30, 2018 (REUTERS/Alessandro Bianchi)

Eni, the Italian energy company, announced the acquisition of two gas-producing concessions from the British oil and gas corporation BP in Algeria.

"Eni announces that it has achieved the closing for the acquisition of BP business in Algeria, regarding the two gas-producing concessions 'In Amenas' and 'In Salah', which are jointly operated with [Algerian state-owned oil company] Sonatrach and [Norwegian state-owned multinational energy company] Equinor," the Italian company said in a statement.

Eni's production in Algeria is projected to increase to more than 130,000 barrels of oil per day in 2023 as a result of these acquisitions and development initiatives in Algeria's Berkine basin, according to the announcement.

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BP, which was founded in 1909, is one of the world's six largest oil and gas businesses. Eni is involved in the discovery, development, and production of oil and gas, as well as the processing, marketing, trading, and transportation of raw materials and renewables operating in 69 countries. Additionally, the company said on Monday that it plans to increase its natural gas purchases from Algeria by 2024, to 18 billion cubic meters per year.

Earlier in the same context, on Sunday, Italian energy firm Eni announced in a statement that it discovered a new gas field off the coast of Egypt in the Nargis Offshore Area Concession.

The energy giant has been conducting business in Egypt since 1945 via its ancillary, IEOC. 

On January 29, Eni and Libya's state-owned National Oil Corporation (NOC) inked an $8 billion gas deal on Saturday, Reuters reported on Sunday.

Back in November 2022, Algeria and Italy signed agreements to improve energy connections and expand Algeria's energy exports to Italy.

  • Italy
  • Oil
  • UK
  • Algeria

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