Eni and Rosneft sign cooperation agreement

The agreement is for cooperation between both parties in Russia and abroad in the exploration and production, refining, trading, logistics and marketing, petrochemicals, and technology and innovation sectors. It was signed by the CEO of Rosneft, Igor Sechin, and the CEO of Eni, Claudio Descalzi, in the presence of the President of the Russian Federation, Vladimir Putin, and the Italian Prime Minister, Paolo Gentiloni.

Eni claims that the meeting consolidated previous agreements for the joint development of exploration activities in the Russian Barents Sea and Black Sea, and that it will underpin additional opportunities between the two companies, including the Zohr project.

With respect to downstream operations, both companies will evaluate the use of Eni’s technology for processing heavy oil residues at Rosneft’s refineries and the cooperation in refining activities at German refineries where both companies are shareholders.