Italy’s Eni this week again flagged up Egypt’s 30tcf Zohr as ‘Exhibit A’ in its fast-track upstream strategy having completed the $2.1bn sale of 40% of the field. Egypt has guaranteed it $5.8/mn BTU for Zohr gas.

Russian state giant Rosneft on 12 December agreed to pay Italy’s Eni $1.575bn for a 30% stake in Egypt’s giant Zohr field, confirming a deal flagged up by MEES (MEES, 9 December). This comes a week after BP, Eni’s habitual partner offshore...