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Eni looking at potential new sales of upstream assets after Vitol deal - Finance news and analysis from Global Banking & Finance Review
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Eni looking at potential new sales of upstream assets after Vitol deal

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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Eni Explores New Sales of Upstream Assets After Vitol Deal

RAVENNA (Reuters) - Italy's Eni is considering potential sales of its upstream assets following a recent deal with global energy trader Vitol, Chief Operating Officer for upstream activities Guido Brusco said on Monday.

The executive added that the recent sale of assets in Ivory Coast and Congo "had attracted significant expressions of interest from many investors".

The Italian energy group is "continuing to work on these kinds of deals," he added.

Eni agreed in March to sell stakes in assets in Ivory Coast and the Republic of Congo to Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing.

(Reporting by Francesca Landini, writing by Cristina Carlevaro, editing by Gavin Jones)

Key Takeaways

  • Eni is considering new sales of upstream assets.
  • Recent asset sales in Ivory Coast and Congo attracted interest.
  • The Vitol deal was valued at $1.65 billion.
  • Eni continues to work on similar deals.
  • The focus is on energy investments in Africa.

Frequently Asked Questions

What is the main topic?
The article discusses Eni's consideration of new upstream asset sales following a deal with Vitol.
What assets were involved in the Vitol deal?
The deal involved Eni's assets in Ivory Coast and the Republic of Congo.
Who expressed interest in Eni's assets?
Many investors showed significant interest in Eni's assets.

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