Eni Mulls Partnership with Pemex in Mexico's Upstream Sector

Italy's Eni said Thursday that it is mulling a future strategic partnership with Mexican state oil company Petroleos Mexicanos in Mexico's upstream sector.

Announcing a cooperation agreement with Pemex, signed by Pemex CEO Emilio Lozoya Austin and Eni CEO Claudio Descalzi, Eni said that a "possible future strategic partnership in Mexico's upstream sector" was discussed by the two men.

The memorandum of understanding and cooperation signed by the firms is designed to establish the basis for cooperation and knowledge sharing in the upstream, midstream and downstream sectors. It will also include cooperation and best practice exchanges in health, safety and the environment as well as what Eni called "human capital management and training".


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