Middle East Economic Survey


No 16



Gazprom And Eni Agree Terms For Elephant Field Farm-In

Russias Gazprom and Italys Eni have agreed on terms for the former to acquire a stake in Libyas Elephant field project, it was announced on 12 April, finalizing an accord made in 2006. The deal will see Gazprom take half of Enis stake, or 33%, in exchange for Eni involvement in Arctic Gas Company assets in Siberia. Gazprom was originally expected to acquire its stake in late 2008,...