Eni, Algeria's Sonatrach sign $1.35B production sharing deal

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ENI fuel and gas station. Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. MAN truck with the ENI logo.

Aliaksandr Litviniuk/iStock Editorial via Getty Images

Algeria's state oil and gas company Sonatrach said it signed a production sharing contract with Italy's Eni (NYSE:E) to explore and develop hydrocarbons in Algeria, Reuters reported Monday.

Total investments for exploration and development work in the Zemoul El Kbar

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