Mozambique: Eni completes CNPC sale
Issue 260
- 09 Aug 2013
| 1 minute read
Eni and China National Petroleum Corporation (CNPC) on 25 July concluded Eni’s sale to CNPC of 28.57% of Eni East Africa for $4.21bn. Through this deal, CNPC acquires a stake in Eni East Africa which equates to a 20% indirect participation in Area 4, while Eni remains the indirect owner of the 50% participation owned by Eni East Africa.
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