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Eni Creates a New Partnership With Uganda

Source: www.gulfoilandgas.com 8/13/2009, Location: Africa

Eni CEO, Paolo Scaroni met with the President of the Republic of Uganda, His Excellency, Yoweri Kaguta Museveni. In his meeting with the President, Paolo Scaroni reaffirmed the importance of the Sub-Saharan region as part of Eni's strategy in Africa, confirming the company's strong intention to create a new and lasting partnership with Uganda.

The recent hydrocarbons discoveries near the Albert Lake, in the eastern part of the country, have demonstrated the great potential of Uganda, considered to be one of the most promising oil-producing countries in Central Southern Africa.

Paolo Scaroni, who was accompanied by Claudio Descalzi, COO of the Exploration & Production division, highlighted Eni's capabilities in terms of technology, operations and sustainable development, which will contribute to the economic and social development of the country.

The President positively welcomed Eni's resolve to re-enter the country, and encouraged a rapid finalization of the agreements for the launch of new projects in the upstream sector as well as the realization of the necessary infrastructures.

Eni has been present in the Sub-Saharan region since the 1960s, and is currently also an operator in the main oil-producing countries of Angola, Nigeria, Republic of Congo, Gabon and Mozambique. Eni's production in the region amounts to about 450,000 barrels of oil equivalent per day.

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