ISSN 2330-717X

Gazprom Moves On Libya, Signs Option With Eni For Oilfield


Russian gas export monopoly Gazprom and Italy’s Eni signed an option agreement, which allows Gazprom to buy half of Italian Eni’s 33 percent share in the Elephant oilfield in Libya, Eni said in a statement on Friday.

The agreement replaces a $170-million deal signed in February but suspended in April after a civil war in the African oil-rich state broke out.

Earlier on Friday, Gazprom and Eni together with Electricite de France and Germany’s Wintershall signed a shareholder agreement on the South Stream pipeline project, designed to bring Russian gas to Europe bypassing transit states

Click here to have Eurasia Review's newsletter delivered via RSS, as an email newsletter, via mobile or on your personal news page.

Ria Novosti

RIA Novosti was Russia's leading news agency in terms of multimedia technologies, website audience reach and quoting by the Russian media.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.