Italian multinational energy company Eni has successfully concluded a $300 million deal for the sale of select upstream assets to oil and gas firm Perenco in the Republic of Congo.
The agreement, initially announced in June 2023, aligns with Eni’s strategic objective of optimizing its operations and concentrating on significant upstream projects within the country.
In a press release, Eni emphasized its dedication to harnessing the Republic of Congo’s extensive gas resources, particularly through initiatives like the Congo LNG project.
This initiative aims to address the nation’s power generation needs while also facilitating LNG exports, thus contributing to both regional and global energy security and transition objectives.
