Mubadala Petroleum Buys 10% Stake in Shorouk Concession

Posted on 03/12/2018

Italian oil giant Eni, through its unit IEOC, agreed to sell a 10% stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum. The price for the stake is US$ 934 million. Eni controls 60% of the Shorouk concession, while Russia’s Rosneft controls 30% and BP controls 10%. Production in Zohr gas […]

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