12-12-2016 19:19 via uk.news.yahoo.com

Eni spreads Egypt gas field risk with Rosneft stake sale

By Stephen Jewkes and Valentina Za MILAN (Reuters) - Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's Rosneft for $1.575 billion (1.24 billion pounds) , pressing ahead with asset sales to fund investments and offset weak oil prices. Eni, which owns 90 percent of the Shorouk concession containing Zohr, said on Monday that Rosneft would pay $1.125 billion and reimburse around $450 million for investments already carried out by Eni. T
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