Eni Sells Croatian Upstream Business to INA
20 Junio 2018 - 5:42AM
Noticias Dow Jones
By Nathan Allen
ENI SpA (ENI.MI) said Wednesday that it is pulling out of
upstream production in Croatia by selling its assets in the country
to local oil company INA-Industrija nafte.
Under the terms of the deal, which is subject to regulatory
approval, INA will acquire 100% of Eni's Croatian subsidiary Eni
Croatia b.v.
Neither company disclosed a sale price for the assets, which
produce around 2,500 barrels of oil equivalent a day, Eni said.
The two companies have signed a commercial agreement to ensure
that Italy will continue to receive natural gas produced at
Croatia's Marica exploitation area.
The Italian oil major said the divestment was part of its
asset-disposal strategy.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 20, 2018 06:27 ET (10:27 GMT)
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