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.
The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Latest posts by Libyan Express (see all)
- HoR-Backed Government moves to end fuel subsidy - December 26, 2024
- Libya and Algeria bolster customs cooperation - December 24, 2024
- Reports claim S-400, S-300 missiles moved to Libya - December 24, 2024