Today the management of the Fund held a meeting with the Managing Director of Agip Caspian Sea B.V. Matteo Tisi and Managing Director of Agip Karachaganak B.V. Renato Maroli.

At the meeting it was noted that Eni is a long-time reliable strategic partner in the Oil & Gas and energy industries in Kazakhstan.

The parties discussed the status of the various activities of Eni in Kazakhstan and noted the importance of valorizing the resources of both Kashagan and Karachaganak fields.

Projects in renewable energy sources were also discussed.

For reference: «Eni is the largest Italian oil and gas company, represented in more than 80 countries around the world. Eni has been operating in Kazakhstan since 1992. Over these years, the company’s total investments in the country’s economy amounted to more than $16 billion. Kazakhstan is among the top five countries in terms of oil and gas production in Eni’s portfolio (around 170 thousand boe per day).

The Company owns:

•​16,81% - within the framework of the Northern Caspian Sea Production Sharing Agreement (NCSPSA), which includes the Kashagan field;

•​29,25% - within the framework of the Final Production Sharing Agreement (FPSA), which includes the Karachaganak field;

• 50%  - within the framework of Isatay Operating Company for exploration activities in the North Caspian Sea

•​2% - in the Caspian Pipeline Consortium.