Search

ENI to Sell 30% Stake in Ivorian Exploration Operations for €1 Billion

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus
  • ENI aims to raise €1 billion by selling a 30% stake in its Ivorian exploration operations
  • The move is part of an €8 billion diversification strategy targeting global operations

 

Paris, France – Italian energy giant ENI is planning to sell a 30% stake in its exploration operations in Cote D’Ivoire, seeking to raise €1 billion as part of its €8 billion target to diversify its global operations, according to local reports.

You need an active subscription to continue reading this article.

Recent Business

Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Read More »
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia secures AfDB grant to boost capital market reforms
Read More »
Mobile money transactions. Photo @ Unsplash
Senegal’s new mobile money tax stirs fears over financial inclusion
Read More »

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »

Latest Posts

Latest news insights