Shutterstock/elena bee

Business Economy

ADNOC awards Italy's Eni a 40-year gas project concession

  • share this article

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.


print this article