Jan 27 (Reuters) - Italian oil and gas company Eni (ENI.MI) , opens new tab is in talks with privately held Mercuria Group over a potential partnership in commodity trading, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Eni and Switzerland-based commodity trading firm Mercuria declined to comment. The negotiations are ongoing, and a partnership agreement may not be finalized, the report added.

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Bloomberg News reported earlier this month that Mercuria posted a profit of $1.3 billion last year as it paid almost no tax.

Vitol, another Swiss commodity trading firm, struck a deal with Eni in 2025, acquiring stakes in the Italian company's West African oil and gas assets to strengthen its foothold in the upstream sector.

https://www.reuters.com/business/energy/italys-eni-talks-with-mercuria-over-trading-partnership-bloomberg-news-reports-2026-01-27/