MILAN, March 19 (Reuters) - Italian energy group Eni (ENI.MI) , opens new tab has agreed to sell stakes in assets in Ivory Coast and the Republic of Congo to global energy trader Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing.

Vitol will acquire an interest in oil and gas producing assets and blocks undergoing exploration, appraisal and development, Eni said in a statement on Wednesday.

Sign up here.

The deal includes the Baleine project in Ivory Coast, where Eni has a 77,25% ownership interest and Vitol will acquire a 30% stake, and the Congo LNG project in the Republic of Congo, where Eni has a 65% stake and Vitol will acquire a 25% participating interest.

https://www.reuters.com/business/energy/eni-agrees-sell-vitol-stakes-ivory-coast-congo-upstream-assets-2025-03-19/