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Italian giant Eni streamlines its upstream portfolio


Eni’s withdrawal from Pakistan aligns to the company s broader strategy of reshaping and simplifying its portfolio, extracting additional value from its strategic assets and disposing of non-core businesses as per its four-year strategic plan.
The operator on Tuesday reached agreement to sell its Pakistan assets to Prime International - a newly established company formed by a team of Eni’s local ex-employees and Hub Power Company, Pakistan’s largest independent power producer (IPP).
The novel company will acquire assets from Eni including interests in eight development and production leases in the Kirthar fold belt and the Middle Indus basins and four exploration licences in the Middle Indus and the Indus offshore basins. ....

United Kingdom , Hub Power Company , Pakistan To Prime International Oil Gas Company , Prime International Oil , Prime International , Middle Indus , South Asian , ஒன்றுபட்டது கிஂக்டம் , மையம் பவர் நிறுவனம் , பாக்கிஸ்தான் க்கு ப்ரைம் சர்வதேச எண்ணெய் வாயு நிறுவனம் , ப்ரைம் சர்வதேச எண்ணெய் , ப்ரைம் சர்வதேச , நடுத்தர இஂடஸ் , தெற்கு ஆசிய ,

Eni exits Pakistan, sells assets to local JV - Newspaper


Italian energy company Eni headquarters is seen in Rome, Italy September 30, 2018. Reuters
LAHORE: The Italian energy company, Eni, has sold its assets in Pakistan to Prime International Oil & Gas Company, a newly established joint venture (JV) between its local employees and Hub Power Company, in line with its 2021-24 business plan to dispose of its non-key assets to raise cash after the global downturn triggered by the Covid-19 pandemic and to move towards cleaner fuels.
A statement posted by the oil and gas exploration firm on its website said the sale of its Pakistani assets aligned to its wider strategy of reshaping and simplifying the company’s portfolio, extracting additional value from its strategic assets and disposing non-core business as per its four-year strategic plan. ....

Hub Power Company , Gas Development Company , Competition Commission Of Pakistan , Pakistan Stock Exchange , Pakistan Petroleum Ltd , Pakistan To Prime International Oil Gas Company , Exchange Commission Of Pakistan , Pakistan Oil , Prime International Oil , Gas Company , Kithar Fold Belt , Middle Indus Basins , Middle Indus , Indus Offshore , Prime International , Hub Power , Exchange Commission , Competition Commission , மையம் பவர் நிறுவனம் , வாயு வளர்ச்சி நிறுவனம் , போட்டி தரகு ஆஃப் பாக்கிஸ்தான் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , பாக்கிஸ்தான் பெட்ரோலியம் லிமிடெட் , பாக்கிஸ்தான் க்கு ப்ரைம் சர்வதேச எண்ணெய் வாயு நிறுவனம் , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , பாக்கிஸ்தான் எண்ணெய் ,

Eni to Sell Pakistan Assets to Prime International Oil & Gas


Provided by
Dow Jones
By Giulia Petroni
Eni SpA said Tuesday that it has signed an agreement to sell its assets in Pakistan to Prime International Oil & Gas Co. for an undisclosed sum.
The Italian oil-and-gas major said this includes interests in eight development and production leases in the Kirthar Fold Belt and the Middle Indus Basins, as well as four exploration licenses in the Middle Indus and the Indus Offshore Basins.
The agreement is in line with Eni s plan to reshape and simplify its portfolio as part of its strategy for 2021-24, the company said.
Prime International Oil & Gas Co. is formed by former Eni s local employees team in Pakistan and Hub Power Co., the largest independent power producer in the country. ....

Giulia Petroni , Pakistan To Prime International Oil Gas Co , Dow Jones Company Inc , Hub Power Co , International Oil Gas Co , Prime International Oil , Kirthar Fold Belt , Middle Indus Basins , Middle Indus , Indus Offshore , International Oil , Dow Jones , பாக்கிஸ்தான் க்கு ப்ரைம் சர்வதேச எண்ணெய் வாயு இணை , டோ ஜோன்ஸ் நிறுவனம் இன்க் , மையம் பவர் இணை , சர்வதேச எண்ணெய் வாயு இணை , ப்ரைம் சர்வதேச எண்ணெய் , நடுத்தர இஂடஸ் பேசின்கள் , நடுத்தர இஂடஸ் , இஂடஸ் கடல் , சர்வதேச எண்ணெய் , டோ ஜோன்ஸ் ,