ENI Tells El Sisi Zohr Flows By Year-End

Sunday, January 8, 2017

During a meeting between ENI CEO Claudio Descalzi and Egyptian President Abdel el Sisi, the ENI CEO disclosed that his firm would have the massive Zohr natural gas field online by the end of 2017.

The Zohr, discovered in August 2015, is estimated to contain 30 Tcf of natural gas resources. The field’s size makes it the largest gas field in the Mediterranean.

Descalzi briefed the Egyptian president on ENI’s investment plans in the country. According to the CEO, his company plans to increase its energy exploration investments in Egypt to $3.5 billion in 2017, a statement from the presidency said.

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