Search

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

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.

Recent Business

South Africa President Cyril Ramaphosa hosts the G20 Summit. Photo: G20 Summit Flickr
Africa’s new mineral deal: will G20 South Africa rewrite the rules?
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
South Africa cuts interest rates as inflation eases and rand strengthens
Read More »
Mr. Denys Denya, Senior Executive Vice President at Afreximbank @ Afreximbank
Afreximbank posts strong nine-month earnings as assets rise to $42.9bn
Read More »

Recent Politics

South Africa President Cyril Ramaphosa. Photo: G20 Summit Flickr
“We’ll not be bullied” - Ramaphosa defies US boycott at G20 Summit
Read More »
Nnamdi Kanu (in trademark white turtle neck shirt) in court | File photo @ The Cable
Nigeria jails separatist leader Nnamdi Kanu for life, deepening tensions
Read More »
Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »

Latest Posts

Latest news insights