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Eni May Divest Oil And Gas Assets In Mexico And Indonesia
Nov 28, 2017

Eni said the next divestment target may be oil and gas fields in Mexico and Indonesia. Eni has done well in exploration in recent years, discovering two huge oil fields in Egypt and Mozambique. According to its "double-exploration" strategy, Eni has been divesting assets to raise capital for the future and to pay dividends.

In 2017, Eni sold its stake of 30% of the Shorouk block in Egypt to Rosneft at the price of $ 1.1 billion and intended to sell its stake of 25% of Block 4 in Mozambique's to Exxon Mobil at the price of 2.8 billion. The Jangkrik field that Eni owned the stake of 55% in Indonesia produces 83,000 BOE / day.

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