Eni signs a strategic agreement with KazMunayGas (Scandinavian Oil-Gas Magazine)

Eni signs a strategic agreement with KazMunayGas

Published Jun 16, 2014

In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas' (KMG) Chairman of the Management Board, Sauat Mynbayev, and Eni's CEO, Claudio Descalzi, signed today a strategic agreement.

The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea. The block is estimated to have significant potential oil resources and will be operated by a joint operating company.

Tags: Eni S.p.A., KazMunayGas

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