Eni Buys into Egypt's Habi Offshore Concession

Thursday, October 24, 2019

Italian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.

The official, who spoke on condition of anonymity, declined to give further details. Edison won Block 12 in a bidding round run by EGAS in 2015.

(Reporting by Ahmed Ismail; Writing by Aidan Lewis; Editing by David Goodman)

Categories: Natural Gas Africa

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