(5 January 2017) CEO Claudio Descalzi met with Egyptian President, Abdel Fattah el-Sisi. They reviewed ENI’s activity in the country where ENI invested a total of $2.7 billion in 2016. They also reviewed the development of the Zohr oilfield and confirmed its production startup for the end of 2017. Particular attention was also given to the Nooros development which is expected to produce approximately 25 million cubic metres per day (172,000 boepd) by the end of January 2017- just 15 months after production startup. Descalzi and el-Sisi have also discussed future explorative activities within Egypt. Two Concession Agreements were ratified for North El Hammad and North Ras El Esh on 27 December 2016 followed by the international EGAS competition in 2015. (Red)
