Paolo Scaroni meets Armando Guebuza in Mozambique

[Eni S.p.A. - 13.08.2013] Paolo Scaroni meets Armando Guebuza in Mozambique

During the meeting, Paolo Scaroni, along with Claudio Descalzi, COO of Eni E
P, updated the President of the Republic on the progress of ongoing strategic projects.
The President of the Republic of Mozambique, Armando Guebuza, and Enis CEO, Paolo Scaroni, met today in Changara, mineral district of Tete Province in western Mozambique, to discuss Enis ongoing activities and projects in the country.
During the meeting, Paolo Scaroni, along with Claudio Descalzi, COO of Eni E
P, updated the President of the Republic on the progress of ongoing strategic projects . The tax agreement with the Mozambican authorities relating to the sale of 28.57% of Eni East Africas shares to China National Petroleum Corporation (CNPC) was also announced. The agreement enables the payment, as at August 23rd , of 400 million U.S. dollars and the construction of a 75 MW power plant in Cabo Delgado province.
During the visit, Enis sustainability initiatives in Mozambique were also discussed. Enis support of Mozambiques infrastructure development, including the reconstruction of the coastal road between Palma and Pemba, along with training, childcare, health and maternity initiatives were also discussed .
Eni is the operator of Area 4 with a 50% participating interest. The other partners of the joint venture are CNPC (20%), GalpEnergia (10%), KOGAS (10%) and ENH (10%).

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