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    Reuters: Eni Talks on Mozambique Sale Sticking in Oil Slide

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Summary

Talks between Eni and others for a stake of around 15% in the Mozambique gas field are dragging due to differences over price, industry & banking sources said

by: Erica Mills

Posted in:

Press Notes, Africa

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Reuters: Eni Talks on Mozambique Sale Sticking in Oil Slide

Talks between Eni and suitors including Chinese state utility Huadian for a stake of around 15 percent in the Italian oil major's prized Mozambique gas field are dragging on due to differences over price, industry and banking sources said.

State-controlled Eni is looking to sell around 8 billion euros ($8.8 billion) of assets in the next five years to fund growth in new markets and help ringfence dividends.

Read the full article HERE.

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