Italian main Eni’s storied presence in Egypt’s upstream spans greater than seven a long time, nevertheless it has not all been clean crusing. After a current rocky patch, the connection seems to be on stable footing once more, with Eni lately pledging an $8bn gross spend over the following 5 years, because it seems to reverse output declines (MEES, 3 October).
A longstanding bone of rivalry has been the extent of arrears Cairo owes Eni for the acquisition of the agency’s share of oil and gasoline. The Italian main had been reporting receivables figures till the tip of 2016 however stopped offering numbers up till 2023. (CONTINUED – 748 WORDS)
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