Egypt and Italy’s Eni discuss potential investments, Zohr progress

President Abdel Fattah El Sisi and Prime Minister Moustafa Madbouly held two separate meetings with Italy’s Eni CEO Claudio Descalzi yesterday — both attended by Oil Minister Tarek El Molla. According to the statements, Descalzi discussed potential future investments by the firm and the status of the current development of the giant Zohr field. He added that Eni’s investments in Egypt have reached USD 13 bn in the last three years, but didn’t give an exact figure or timeline for future investments.