Eni to Invest 24B Euros to Boost North Africa's Energy Production

Eni S.p.A (E) , the Italy-based integrated energy company, is set to invest nearly 24 billion euros over the next four years in several projects in Algeria, Libya and Egypt. Eni’s CEO, Claudio Descalzi, mentioned that this investment is aimed at amplifying energy production in North Africa. This investment will help Eni solidify its presence in the region’s energy sector.Eni is a major foreign investor in North Africa’s energy market. The investment would also contribute to the Roman government’s Mattei Pla ...