Gazprom, ENI to Conclude Elephant Stake Buy after Libyan Unrest

MOSCOW (Dow Jones Newswires), Apr. 20, 2011

Gazprom plans to acquire a 33% stake in ENI's Elephant field in Libya has been delayed, and will be finalized when the situation stabilizes in the North African country, Gazprom said Wednesday in a press release.

The announcement came following a meeting in Moscow between Gazprom Chief Executive Alexei Miller and ENI CEO Paolo Scaroni.

The two also discussed France's Electricite de France and Germany's Wintershall joining the South Stream project.

Copyright (c) 2011 Dow Jones & Company, Inc.


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