Eni to Divest Stakes in Cote d'Ivoire and Congo Assets to Vitol
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Eni has agreed to divest its stakes in Cote d'Ivoire and Congo assets to Vitol. This deal grants Vitol access to significant upstream assets in West Africa, including the Baleine discovery and the Congo LNG project.
March 20, 2025 | 3:00 pm
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Eni is divesting its stakes in Cote d'Ivoire and Congo assets to Vitol, which includes the Baleine discovery and Congo LNG project. This move could streamline Eni's portfolio and potentially improve its financial position.
The divestment allows Eni to streamline its portfolio and focus on other strategic areas. The sale of high-value assets like Baleine and Congo LNG could positively impact Eni's financials by reducing operational risks and potentially increasing cash flow.
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IMPORTANCE 80
RELEVANCE 90