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Eni's most recent move is once again in Africa. After increasing production in Libya, positive news for Italian suppliers arrives from Angola. The Quiluma field, located offshore Angola, will supply fresh gas to the group's portfolio while also contributing to Italy's energy security. According to the corporation founded by Claudio Descalzi, initial gas exports to Angola will be 150 million standard cubic feet per day, with production estimated to reach 330 million standard cubic feet by 2026. The gas will be managed at the Soyo NGC processing plant, which will open in November 2025, and then sent to the Angola LNG plant for export and domestic consumption. Azule Energy, a firm controlled by BP and Eni, is at the heart of the strategy, producing about 230,000 barrels of oil equivalent per day and playing an important role in Angola's energy development and transformation. This milestone for the “six-legged dog” adds to the expansion announced earlier in the week in Libya, a crucial country for Italian energy supplies during periods of market stress. Further news comes from a recently reached accord in Venezuela, which will settle a long-standing issue. The pact, signed with interim president Delcy Rodríguez, combines Repsol and Descalzi's business to enhance a 2009 project that has been on hold for years. Rodríguez clarified that the plan will not only ensure gas supplies for Venezuela, national development, and domestic consumption, but also "will enable development with an eye toward exports".
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