Eni sells UAE stake for almost $1Bln in natural gas field that enabled Egypt to halt LNG imports

Monday, 12 March 2018

Italian energy company Eni has agreed to sell a stake for $934 million to the United Arab Emirates-based Mubadala Petroleum in the prolific Shorouk concession offshore Egypt containing the huge Zohr natural gas field that will enable the Egyptians to halt LNG imports as most of their domestic gas requirements will be met.

Subscriber content

This content is available only to subscribers
please log in below or subscribe now / request a free trial