Pemex CEO Emilio Lozoya Austin and Eni CEO Claudio Descalzi have signed a memorandum of understanding and cooperation (MoU) that establishes the basis for cooperation and knowledge sharing in the upstream, midstream and downstream areas, according to a news release.

The MoU will also include cooperation and best practice exchanges in health, safety and environment as well as human capital management and training.

During the meeting, a possible future strategic partnership in Mexico’s upstream sector was discussed, the release said.