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ROME (Reuters) – Italian major Eni (ENI.MI) is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said. The international oil company has a limited presence in the Middle East, where some of the world’s biggest oil and gas reserves lie, producing more than half its output in Africa. “Eni is in talks with Oman for various opportunities,” the source told Reuters, adding recent geopolitical tensions in the area had not curbed its interest custom cufflinks nyc uk online.
Last year Eni sealed its first deal in Oman, winning a majority stake in offshore acreage and selling on part to Qatar Petroleum. This year it took a first step into Abu Dhabi, paying $875 million for stakes in two oil concessions and then buying part of the giant Ghasa gas field from state oil group Adnoc. The source said Eni had submitted an expression of interest for a minority stake in Adnoc’s refinery business, confirming an earlier Reuters report custom cufflinks nyc uk online. Abu Dhabi has put on sale 40 percent of Adnoc’s refining unit valued at $8 billion but will never sell to a single company, the source said, adding many others were interested including Chinese and Indian firms and France’s Total (TOTF.PA)..
“Eni is also interested in other downstream opportunities,” the source said, pointing to Adnoc’s ambitions in that area. Last year Adnoc presented a 2030 strategy plan to open up its energy markets to foreign operators and attract the skills needed to develop E&P, refining and petrochemical industries custom cufflinks nyc uk online. Thanks to bumper gas discoveries in Mozambique’s Mamba field and Egypt’s Zohr, Eni has one of the strongest discovery records in the industry and one of the fastest time to market records..
BUENOS AIRES, (Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman was sidelined during the official “family photo” of world leaders and other dignitaries at the Group of 20 summit in Buenos Aires on Friday, standing at the far edge of the group portrait and ignored custom cufflinks nyc uk online. Prince Mohammed’s presence at the international summit has been contentious following the killing of Saudi journalist Jamal Khashoggi at a Saudi consulate in Istanbul in October. The crown prince, Saudi Arabia’s de facto ruler, quickly exited the stage without shaking hands or talking with other leaders..
At center stage was Argentine President Mauricio Macri, hosting this year’s summit of G20 industrialized nations custom cufflinks nyc uk online. Macri has said accusations that Prince Mohammed was involved in Khashoggi’s death could be discussed by world leaders during the two-day summit. Saudi Arabia has said the prince had no prior knowledge of the murder. Russian President Vladimir Putin and Prince Mohammed later exchanged a high-five and a handshake and laughed heartily as they took seats next to each other in the main meeting room..