Renzi signs trade agreements with Kazakhstan

Asia tour stopover includes oil, gas and vehicle agreements

(ANSA) - Astana, June 12 - 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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