Italy’s Eni will contribute 25 percent of the development cost of the multi-billion dollar project.
Tuesday 13, November 2018 BY KUDAKWASHE MUZORIWA
Abu Dhabi National Oil Company (ADNOC) announced that it has granted Italy’s Eni a 40-year concession, awarding it a 25 per cent stake in its offshore ultra-sour gas megaproject.
In a statement, ADNOC added that it is in discussion with other potential partners for the remaining 15 per cent stake in the Ghasha concession
The Ghasha Concession consists of the Hail, Ghasha, Dalma and other offshore fields, reported Reuters.