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Eni enters 40 year deal worth USD 875 mn with ADNOC category
March 12, 2018

Eni enters 40 year deal worth USD 875 mn with ADNOC

ADNOC has entered into a 40 year liaison with the Italian oil syndicate Eni. This marks the entry of an Italian energy establishment in Abu Dhabi’s oil and gas sector with a 10% stake in the Umm Shaif and Nasr offshore oil and 5% holding in Lower Zakum. ADNOC CEO believes that this partnership shall enhance their growth prospects and upgrade integration across the upstream sector.

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