A spokesperson for Italian energy
giant Eni said Wednesday that it expects the sale of some of its
assets in Cote d'Ivoire and the Republic of Congo to be worth
around $2.7 billion at closing.
Earlier on Wednesday, Eni said in a statement that it has agreed
to sell certain assets in Cote d'Ivoire and the Republic of
Congo for an aggregate consideration of USD1.65 billion at 1
January 2024, with standard cash adjustment at closing.
The spokesperson explained that the adjustments "will vary
depending on the completion date.
"In any event, we expect them to be approximately $1 billion,
with an overall transaction value of approximately $2.7
billion," the spokesperson added.
The statement said Vitol will acquire an interest in both oil
and gas producing assets and blocks undergoing exploration,
appraisal and development.
"These include the Baleine project in Cote d'Ivoire, where Eni
has a 77.25% ownership interest and Vitol will acquire a 30%
participating interest, and Congo LNG project in the Republic of
Congo, where Eni has a 65% participating interest and Vitol will
acquire a 25% participating interest," it said.
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