By Muyiwa Lucas Italian oil exploration firm, Eni is considering spinning off oil and gas operations in Nigeria, other West Africa and the Middle East countries into new joint ventures (JVs) to help reduce debts and fund its shift to low-carbon energy, according to sources. Africa’s biggest foreign oil and gas producer, Eni has prized assets in Nigeria, Congo and Angola. Apart from its big production centres in Egypt and Libya, it has built a.
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MILAN, April 30 (Reuters) - Italian energy group Eni
is planning to spin off a minority stake in its new
retail and renewable business next year, it said on Friday,
after announcing first quarter profits that missed expectations.
Several European energy companies, including Spain s Repsol
, aim to divest parts of their renewables business to
raise money to reduce debt and pay for the shift away from oil
and gas.
Eni said it planned to list or sell a minority stake in the
business that includes renewable energy and retail energy sales
next year, confirming a Reuters report from March.
Eni to shed retail-renewable energy stake
4/30/2021
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.
Several European energy companies, including Spain s Repsol , aim to divest parts of their renewables business to raise money to reduce debt and pay for the shift away from oil and gas.
Eni said it planned to list or sell a minority stake in the business that includes renewable energy and retail energy sales next year, confirming a Reuters report from March.