eni spa (EIPAF) Key Developments
ONGC Videsh Bid For Oil And Gas Blocks In Sri Lanka
Dec 2 13
ONGC Videsh Limited has expressed interest to acquire stake in three oil and gas blocks out of 13 offered in Sri Lanka, Telegraph reported. The ONGC international arm has bid for blocks - M4, M5 and M6 in the Mannar basin of the island nation, a senior oil ministry official informed the daily. The official was quoted by the Telegraph as saying, "It is a very good move keeping in minds that of the economic value and strategic importance to India". International oil firms China National Petroleum Corporation, Total SA (ENXTPA:FP) and Eni SpA (BIT:ENI) and others have been actively participating in the bidding for the Sri Lankan blocks. The blocks will be given to the respective bidder in the first quarter of 2014, sources added.
Rosneft and Eni Sign Agreement on Terms for Mutual Oil Deliveries
Nov 26 13
Rosneft has signed an agreement with Eni concerning the main terms for mutual deliveries of oil, and an agreement on the main terms for working together in the field of logistics and in commercial activities, an Interfax correspondent reported from the signing ceremony.
Eni Plans To Sell Gas Field In Russia
Nov 21 13
Eni SpA (BIT:ENI) said on November 20, 2013, that it plans to sell its stake in a natural gas field in the north of Russia for about $2.9 billion.
Italy Planning To Sell Stake In Firms
Nov 21 13
Italy is planning to sell stakes in several companies. Premier, Enrico Letta said that the government will raise up to €12 billion from stake sale in companies including Eni SpA (BIT:ENI). The official added that half the proceeds from the sale, which should net between €10 billion and €12 billion, will be used to fund economic stimulus measures and the other half for repaying debt. Other investments to be sold include the State's stake in STMicroelectronics NV (ENXTPA:STM), 40% stake in FINCANTIERI - Cantieri Navali Italiani S.p.A., and ENAV S.p.A. Stakes in Grandi Stazioni SpA, SACE S.p.A., and Cassa depositi e Prestiti S.p.A.’s CDP RETI SRL. Economy Minister, Fabrizio Saccomanni said that government’s plan to sell a portion of its stake in Eni has been in the news for some time, and the sale of 3% of its shares should net approximately €2 billion. Government will retain stake in Eni, above 30% to maintain control.
Italian Government Reportedly Considering Selling Of 3% of ENI
Nov 20 13
The Italian government is considering selling a 3% stake in Eni SpA (BIT:ENI), the MF-Milano Finanza daily reported, citing sources close to the matter. The sale would be part of the government's effort to reduce the public debt through privatization of state assets, including real estate. The Italian government is ENI's largest shareholder with a 30% stake.