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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. ....

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