Italian energy group Eni plans to spend around $7 billion in Angola over the next 4 years along with its partners in a country it sees as key to its future growth strategy. The money will be invested by Eni and its joint venture partners in the country in exploration and production, refining and solar energy.
Eni, which has been in Angola since 1980, currently produces around 120,000 barrels of equity oil equivalent per day and announced a new offshore light oil discovery.
Source : Reuters
