Eni board of directors approves measures to begin buy-back program

The Eni board of directors of the authorization granted by the Eni shareholders’ meeting of May 14. Eni presented its digital transformation plan at OMC 2019 in Ravenna. The agreement includes a pilot project for the creation of a coral nursery site. The project aims at supporting Ghana’s sustainable development by promoting socio-economic growth. With approximately 60,000 beneficiaries, the project is allowing remote communities to get access to water and electricity. With donation Eni Angola supports the demining of 45,000 m2 of land in Benguela province for a period of 12 months.

The project is in line with Eni’s integrated circular economy model. Minister of Culture Moyongo and Minister for Hydrocarbons Thystere-Tchicaya attended the inauguration. The borehole will provide safe and clean water to an estimated 4000 persons. It has approved measures to begin the 2019 share buy-back program. The plan outlines Eni’s intention to use digitalisation as an accelerator for the company’s integrated sustainable growth model. Eni, through its subsidiary Eni Rovuma Basin (ERB), and the Lurio University (Unilurio) signed on 14 March.

The Minister of Planning Prof. Gyan Baffour in representation of the President of Ghana Nana Akufo-Addo. Eni Angola, Operator of Block 15/06, Sonangol, Concessionare, and partners Sonangol P&P and SSI. Eni Angola, representing Sonangol- Concessionaire and the partners of Block 15/06- Sonangol P&P and SSI. It seeks to contribute significant environmental benefits through the reuse of waste. The structure comprising a large central hall. Eni have commissioned a model solar powered borehole for the Internally Displaced Persons (IDPs).

The program gives the Company a flexible option to give its shareholders an additional return. The use of sensors, the availability of a large amounts of data and the ability to process it in an extremely powerful way. This initiative is part of the implementation of the Coral South Project Sustainability Plan. The Minister of Health Kwaku Agyemang-Manu also attended the ceremony. The solar power and water system will allow the community to shorten the long walks in search of water. Company signed a new donation contract with HALO Trust. Eni first launched the “Clean beach” initiative.

A second room displays photographs that trace the history of Pointe Noire. The borehole will provide safe and clean water to the IDPs. The purchases will start in the first week of June 2019 and will terminate within the month of December 2019. The technologies have enormous potential and can be used to support operational activities. The agreement foresees the implementation of a pilot project. The training center is part of the Okuafo Pa Project is aimed at supporting Ghana’s sustainable development. It has been promoted through agro-pastoral field schools and model fields that have been cultivated.

It focuses on demining through inclusion and empowerment of women. The scheme is designed to improve waste collection and waste management activities in the area. Finally, a large portico is dedicated to a permanent exhibition of contemporary Congolese painting. The borehole is electrically and solar powered with a photovoltaic system. It will purchase Eni shares on a fully independent basis. It brings benefits in terms of security, asset integrity, environment and operational efficiency in particular. The Vamizi Island is surrounded by coral reefs, which represent an important marine environment.

The center consists of a Campus for up to 800 students, with classrooms, workshops. The system is part of an integrated social project, which is implemented by the NGO ADPP in the municipality of Bibala. Eni Angola intends to finance the demining of 45,000 m2 of land in Benguela. The “Clean Beach” day took place on January 31st with massive turnout from the communities. The inauguration took place in the presence of the Minister of Culture of the Republic of Congo Dieudonné Moyongo. During the project implementation, the local authorities were involved to provide support in training.

Share purchases will be made on the MTA pursuant to Art. 144-bis. Eni has chosen the Val d’Agri Oil Centre to become its first “Lighthouse”. With the partnership it will be possible to involve the coastal communities during the creation. Photovoltaic panels will power the campus, which will be energetically self-sufficient and highly efficient. With approximately 60,000 beneficiaries, the project is allowing remote communities to get access to water and electricity. It is an Eni Angola’s second donation to the HALO Trust. Over 11,300kg of waste were collected, of which over 500kg of plastic.

“This project is the outcome of our fruitful cooperation with Nigerian authorities”, said Lorenzo Fiorillo, AENR Managing Director.

The Museum has the patronage of UNESCO, which has recognised the importance of the initiative. 11971/1999 and in accordance with the additional conditions set out in the Eni’s shareholder. The facility has a considerable amount of data available and is one of the company’s most advanced technology. The agreement was signed by the General Manager of ERB Filippo Maioli. Educational programs, focusing on agricultural activities, poultry breeding and greenhouse cultivation. Eni is an energy company, working to build a future where everyone can access energy resources efficiently.

The HALO Trust is the world’s largest humanitarian landmine clearance organization. Waste management services specialists Zoomlion and Zoil picked up the collected waste for the relevant treatment. It will be managed by a Foundation created by Eni Congo together. Eni has been present in Nigeria since 1962 through its subsidiaries NAOC (Nigerian Agip Oil Company). The amount of purchases for 2020 will be announced to the market during the strategy presentation. A single control system provides access to all the information regarding the most relevant processes.

The partnership will contribute to increasing biodiversity conservation awareness in the coastal communities. The Campus is the first step of the Okuafo Pa project. The company is engaged in oil and gas exploration, production and refining. It currently works across five provinces: Benguela, Bie, Huambo, Kuando Kubango, Kuanza Sul. The FAO marks its 40th year of officially establishing a representation in Nigeria this year. Eni has been present in Angola since 1980, where it operates Block 15/06. Eni will announce the details of any purchases made to the market within the time limits.

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