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Vitol buys $1.65 billion worth of Eni's oil and gas assets in West Africa to expand its upstream presence.
Vitol, the world's biggest oil trader, will buy stakes in some of Eni's oil and gas assets in West Africa for $1.65 billion.
This includes a 30% share in Côte d'Ivoire's Baleine project and a 25% stake in Congo LNG.
The deal supports Eni's strategy to optimize its portfolio by reducing stakes in exploration discoveries.
Vitol aims to expand its upstream assets, fueled by recent trading profits.
The Baleine project, now producing 60,000 barrels of oil daily, is the first net-zero upstream project in Africa and supports local development initiatives.
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Vitol compra US$1.650 millones de los activos de petróleo y gas de Eni en África Occidental para ampliar su presencia en aguas arriba.