Corporate News

Italy’s Eni signs Memorandum of Understanding with Indonesia’s Pertamina

Italy's Eni signs Memorandum of Understanding with Indonesia's Pertamina
Photo courtesy of ENI

Italian energy company Eni and Indonesia’s state-owned oil and gas company PT Pertamina (Persero) signed a Memorandum of Understanding last Friday in Porto Marghera, at Eni Green Refinery, whereby the two companies agreed to explore a wide array of new opportunities across the entire energy value chain.

The 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’s experience in converting and operating first-class bio-refinery assets.

Eni has been present in Indonesia since 2001, conducting exploration and production activities. Today, production derives from the Muara Bakau block, where Eni has a 55% interest.

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