Italy's foreign minister is visiting Algeria with the head of energy group Eni to discuss energy cooperation in light of the Ukraine crisis, the ministry said on Monday.
Eni has strategic long-term gas contracts with both Russia and Algeria.
Eni has reported an adjusted net profit of $5.4bn (€4.74bn) for 2021, compared to a loss of $858m (€758m) in the year prior, as higher energy prices benefited its business.
The figure also marks the company’s best performance since 2012.
