Eni signs framework agreement to develop Egypt's oil
(AGI) Rome, March 14 - The Egyptian Minister of Petroleum andMineral Resources, Sherif Ismail, and Eni's CEO, ClaudioDescalzi, signed a heads of agreement document on Saturdayduring the Egyptian Economic Development Conference (EEDC),which is being held in Sharm el-Sheik with the aim of boostingforeign investments in the Country. The agreement envisages afive billion dollar investment plan aimed at developing the oiland gas resources of the Country while preserving the return onEni's investments there, said a press release by the Italianmultinational oil and gas company. The investments will bephased over the next