Eni to acquire 42.5% of BP’s stake in Libya
Italy’s ENI (ENI.MI) is set to acquire a 42.5 percent stake in BP’s (BP.L) Libya acreage, according to a statement on Monday.
The two companies, along with state-owned National Oil Corp, signed a letter of intent in London on Monday paving the way for the final deal, Reuters reported.
Under the deal, ENI will become operator of BP’s exploration and production sharing agreement (EPSA)in Libya, the statement said.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to email@example.com. Please include ‘Op-Ed’ in the subject line.
- UNSMIL denies meeting between Stephanie Williams and Wagner’s officials - January 20, 2022
- Joe Biden: Russia will invade Ukraine - January 20, 2022
- Al-Gotrani, three ministers to meet in Moscow next week - January 16, 2022