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Home > Finance > Italy's Eni in talks with Mercuria over trading partnership, Bloomberg News reports

Italy's Eni in talks with Mercuria over trading partnership, Bloomberg News reports

Published by Global Banking and Finance Review

Posted on January 27, 2026

1 min read

Last updated: January 27, 2026

Italy's Eni in talks with Mercuria over trading partnership, Bloomberg News reports - Finance news and analysis from Global Banking & Finance Review

Tags:partnership Trading Financial performance investment

Quick Summary

Eni is in talks with Mercuria for a potential trading partnership. The negotiations are ongoing, and no agreement has been finalized yet.

Italy's Eni in talks with Mercuria over trading partnership, Bloomberg News r...

Eni and Mercuria Partnership Discussions

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.

Current Status of Negotiations

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.

Financial Performance of Mercuria

Bloomberg News reported earlier this month that Mercuria posted a profit of $1.3 billion last year as it paid almost no tax.

Previous Deals with Vitol

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)

Key Takeaways

•Eni is negotiating a trading partnership with Mercuria.
•Mercuria recently reported a $1.3 billion profit.
•Negotiations are ongoing with no final agreement yet.
•Eni previously partnered with Vitol in 2025.
•Mercuria did not respond to requests for comment.

Frequently Asked Questions about Italy's Eni in talks with Mercuria over trading partnership, Bloomberg News reports

1What is commodity trading?

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.

2What is financial performance?

Financial performance refers to a company's ability to generate revenue and profit, typically measured through financial statements and key performance indicators.

3What is investment?

Investment is the allocation of resources, usually money, in order to generate income or profit over time, often through purchasing assets or securities.

4What is Eni?

Eni is an Italian multinational oil and gas company, involved in the exploration, production, and distribution of energy resources globally.

Eni and Mercuria Partnership Discussions

Current Status of Negotiations

Financial Performance of Mercuria

Bloomberg News reported earlier this month that Mercuria posted a profit of $1.3 billion last year as it paid almost no tax.

Previous Deals with Vitol

(Reporting by Carlos Méndez in Mexico City; Editing by Leroy Leo)

Frequently Asked Questions

1What is commodity trading?

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.

2What is financial performance?

Financial performance refers to a company's ability to generate revenue and profit, typically measured through financial statements and key performance indicators.

3What is investment?

Investment is the allocation of resources, usually money, in order to generate income or profit over time, often through purchasing assets or securities.

4What is Eni?

Eni is an Italian multinational oil and gas company, involved in the exploration, production, and distribution of energy resources globally.