Eni Sells 60% Stake in Arctic Russia to Novatek-GazpromNeft JV for $2.94B
November 20, 2013 at 06:29 AM EST
Today in Moscow Eni (NYSE: E ) signed an agreement to sell its 60% stake in Arctic Russia to Yamal Development, a joint venture equally owned by Novatek and GazpromNeft (OTC: OGZPY ). Artic Russia owns 49% of Severenergia, which holds four licenses for the exploration and production of
