MOSCOW (MRC) -- Eni and PT Pertamina (Persero) signed in Porto Marghera, at Eni Green Refinery, a Memorandum of Understanding further expanding the relationship into green refinery, as per Hydrocarbonprocessing.
The Parties agreed to explore a wide array of new opportunities across the entire energy value chain. This Memorandum of Understanding represents a step forward in Eni’s strategy to strengthen its presence in the Far East, looking for new business opportunities with a particular focus in the Downstream sector; leveraging also Eni unrivaled experience in converting & operating first-class bio-refinery assets.
Eni has been present in Indonesia since 2001, conducting operations of exploration and production. Today production derives from Muara Bakau block (Eni’s interest 55%) where Jangkrik field started-up in 2017.
As MRC informed previously, in February 2018, Italy’s Eni and France’s Total discovered a promising natural gas field off Cyprus. Eny said then that the find looked geologically similar to the mammoth Zohr field off Egypt.
ENI is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company with a market capitalization of EUR68 billion (USD 90 billion), as of August 14, 2013. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.
MRC