By Anthony Shevlin 
 

Eni SpA (ENI.MI) said Sunday that it has signed agreements, including for the establishment of a joint venture, with Algeria's Sonatrach related to renewable energy.

The Italian oil major said the new joint venture will be fully dedicated to Algeria's renewable energy sector and the partnership aims to install and operate solar power-production units at Sonatrach's and Eni's production sites, as well as at other locations in the country.

The two companies also signed an agreement to implement the construction of an advanced research-and-development laboratory at the Bir Rebaa North site in Algeria to test solar and hybrid technologies in a desert environment.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

November 26, 2018 01:50 ET (06:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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