Eni Completes Sale of Stake in Gazprom Neft

Eni has announced the closing of the sale of the 20% stake in Gazprom Neft to the Russian energy company Gazprom.

The deal, worth $4.2 billion, lies in the framework of agreements previously signed with Gazprom which included the possible exercising of a call option on the 20% stake in Gazprom Neft.

Gazprom Neft operates in the field of exploration and production for oil and condensates.