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FinancialNews
12-03-18
Mubadala, Eni sign deal to purchase stake in Egyptian Shorouk concession
(MENAFN) A deal has been signed by UAE's Mubadala Petroleum and Italy's Eni for the acquisition of a 10 percent stake in Egyptian Shorouk concession.
The stake in the offshore Shorouk concession is confirmed to be covering the massive Zohr gas field in the Mediterranean Sea.
During the signing of the agreement, Crown Prince of Abu Dhabi His Highness Sheikh Mohamed bin Zayed Al Nahyan has been present, alongside Italy's Prime Minister Paolo Gentiloni.
Group Chief Executive Officer and Managing Director of Mubadala Investment Company, Khaldoon Khalifa Al Mubarak was declared to have signed the deal for Mubadala Petroleum and Claudio Descalzi, Chief Executive Officer of Eni.
MENAFN1203201800450000ID1096577217
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