Eni inks MoU with Qatar Petroleum

Eni signed a Memorandum of Understanding with Qatar Petroleum International (QPI), a wholly owned subsidiary of Qatar Petroleum (QP), to seek joint investment opportunities in international projects in the exploration and production sector. The MoU was signed on behalf of QPI by H.E. Abdullah Bin Hamad Al-Attiyah, Qatar’s Deputy Premier and Minister of Energy and Industry, and by Eni CEO Paolo Scaroni.

According to the MoU, both parties will pursue opportunities of mutual interest in order to exploit new or existing resources of natural gas and crude oil. The MoU also envisages the development of joint projects in the petrochemical industry and power generation.

The signature of the MoU with QPI for a long-term partnership is consistent with Eni’s strategy to re-enter in Qatar. The company has also opened a Representative Office in Qatar in order to foster its relationship with Qatari authorities and companies and promote a strong team work climate.