The two CEOs of Eni and Total, Claudio Descalzi and Patrick Pouyanné have signed an agreement to explore the subsoil of the seabed of the North African country, in partnership with the state company Sonatrach.
The two oil companies work together in different countries and continents and the tune was found after a long time and a lot of mistrust. Faced with the competition outside the euorpeo continent, it is necessary to ally itself and to put all the professions into the system. Italy and France in this regard have to sell their professionalism, and it is time that they set up a system for future global challenges.
Eni CEO Claudio Descalzi spoke of the industrial significance of the collaboration between the two companies, "in some sectors it is necessary to work wing wings, the intense competition is not profitable for anyone for those who want to have a medium or long term vision, as it is typical of those who work in our business ". The Italo-French agreement in Algeria could be a formula to be replicated also in Libya, leaving aside the recent frictions.
In the south of the Mediterranean, Eni's and Italian interests range from countries with which relations are historic such as Morocco, Algeria, Tunisia, Libya and Egypt to new interests such as Lebanon and Cyprus, the result of the important gas discoveries of the Levant , which could also be diverted to Europe.