Posted by: Reuters

Italy’s Eni invested $600 million in Algeria in 2017, and plans “billions” of investments in the North African country over the next three years, the company’s CEO said on Tuesday.

Eni imported 11 billion cubic metres of gas from Algeria last year, Claudio Descalzi said, and was eyeing the OPEC member’s offshore holdings.

“Offshore is very interesting in Algeria, we are working on it. But we did not get blocks yet,” Descalzi said.

Reporting by:Lamine Chikhi /by  Aidan Lewis – Editing by: Louise Heavens