Italian Premier Matteo Renzi met
Kazakh President Nursultan Nazarbayev on Thursday in the capital
of Astana to sign trade agreements at the end of his Asia tour.
Renzi signed an energy agreement with Kazakstan's
KazMunayGas and Italian oil giant ENI, and a second agreement
with Italian truck and industrial vehicles maker Iveco and
Kazakhstan's industry ministry.
Claudio Descalzi, ENI's chief of access and exploration
operations, and Mauro Moretti, CEO and General Manager of
Finmeccanica, were present at the signing.
ENI currently has a 16.81% stake in the massive Kashagan
oil field in Kazakhstan, which is years behind schedule and has
gone reportedly gone over budget by $30 billion.
Renzi is returning from his Asia trade tour, which included
stops in Vietnam and China.
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