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Al Jazeera
Al Jazeera
Business

Italy signs energy deals with Algeria in bid to sidestep Russia

Algerian President Abdelmadjid Tebboune met with Italian Prime Minister Mario Draghi at the palace of El Mouradia in Algiers during the Italo-Algerian intergovernmental summit [Algerian Presidency Press Service/EPA-EFE]

The Italian government has sealed a series of agreements with Algeria, as European countries ramp up their push to disengage from Russia after it invaded Ukraine and secure alternative energy supplies.

A major deal finalised on Tuesday sees a clutch of energy companies including Italy’s Eni invest $4bn in a site located in the perimeter of Berkine to produce one billion oil equivalent barrels.

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