Algeria's state energy firm Sonatrach and Italian oil firm Saipem signed an agreement on Wednesday to end their legal disputes, company executives said.
"It's a big day for Saipem and for me," Saipem's CEO Stefano Cao told reporters.
Sonatrach's CEO Abdelmoumen Ould Kaddour said: "The agrement will open opportunities for my firm in the coming years in Algeria."