The cooperation will also extend to gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.

The signing took place in Rome at Eni's headquarters during a meeting between the Chairman of CNPC, Wang Yilin, and Eni's CEO, Claudio Descalzi.

The meeting was a chance to further strengthen the relationship between the two companies and was an opportunity to discuss ongoing joint projects, as well as future opportunities between the two companies across the energy value chain.