Eni to acquire BP business in Algeria
Africa
ENERGY company Eni has agreed to acquire BP business in Algeria, including the two gas-producing concessions “In Amenas” and “In Salah.”
These major gas fields, which are jointly operated with Sonatrach and Equinor, are located in the Southern Sahara.
In 2021, they produced approximately 11 billion cubic metres of gas, 12 million barrels of condensates and liquid petroleum gas (LPG).
Eni said its production from Algeria will rise to over 120,000 barrels of oil equivalent per day in 2023.
The company noted that the acquisition is in line with its strategy to address the challenges of the current energy market to deliver secure and sustainable energy to customers, while accelerating the path to net-zero. (dpa/NAN)
C.E
Related Posts
CHAN: Nigeria, Ghana clash ends in goalless draw
THE Nigeria, Ghana final qualifying fixture in the race to next year’s African Nations Championship ends a goalless draw in...
Read More72-hour shopping festival begins in Lagos Monday
THE Lagos State Government has concluded plans for a 72-hour non-stop shopping extravaganza which will begin on Monday (Dec. 23)....
Read MoreTax reform bills and National Assembly’s quest for improved tax system
By Kingsley Okoye, SINCE the recent introduction of four tax reform bills by the executive arm, the National Assembly has...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.