Middle East Economic Survey


No 8



Eni Agrees Sale Of Stake In Libyas Elephant Oil Field To Gazprom

Italys Eni and Russias Gazprom have signed an agreement paving the way for the handover of half of Enis 66% stake in the consortium currently developing the Elephant oil field in Libyas southwestern desert. Eni revealed that the value of the stake being transferred to Gazprom is $170mn. The two companies were also reported to have signed another agreement, under which...