Published by Global Banking & Finance Review®
Posted on January 27, 2026
1 min readLast updated: January 27, 2026
Eni is in talks with Mercuria for a potential trading partnership. The negotiations are ongoing, and no agreement has been finalized yet.
Jan 27 (Reuters) - Italian oil and gas company Eni is in talks with privately held Mercuria Group over a potential partnership in commodity trading, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Eni declined to comment, while Switzerland-based commodity trading firm Mercuria did not immediately respond to a Reuters request for comment. The negotiations are ongoing, and a partnership agreement may not be finalized, the report added.
Bloomberg News reported earlier this month that Mercuria posted a profit of $1.3 billion last year as it paid almost no tax.
Vitol, another Swiss commodity trading firm, struck a deal with Eni in 2025, acquiring stakes in the Italian company's West African oil and gas assets to strengthen its foothold in the upstream sector.
(Reporting by Carlos Méndez in Mexico City; Editing by Leroy Leo)
Commodity trading involves buying and selling raw materials or primary products, such as oil, gold, or agricultural products, often through exchanges or over-the-counter markets.
Financial performance refers to a company's ability to generate revenue and profit, typically measured through financial statements and key performance indicators.
Investment is the allocation of resources, usually money, in order to generate income or profit over time, often through purchasing assets or securities.
Eni is an Italian multinational oil and gas company, involved in the exploration, production, and distribution of energy resources globally.
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