MILAN – Italian power group Eni plans to speculate round 4.5 billion euros ($4.47 billion) in upstream actions every year from now to 2025 specializing in a number of international locations, its deputy chief working officer for pure sources mentioned on Tuesday.
“We're absolutely dedicated to speculate 4.5 billion each year within the upstream to convey on line new gasoline provides,” Cristian Signoretto mentioned on the Gastech convention in Milan.
Signoretto talked about the event of LNG initiatives in Qatar and Congo and in addition Egypt and Algeria, the place Eni has a longstanding presence.
“Indonesia is one other space wherein we're investing closely,” Signoretto added.
In its 2022-2025 strategic plan, unveiled in February, Eni mentioned it might make investments seven billion euros per yr on common in its totally different companies.
($1 = 1.0074 euros)
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