{"id":43211,"date":"2022-03-11T18:05:17","date_gmt":"2022-03-11T18:05:17","guid":{"rendered":"https:\/\/southafricagazette.com\/?p=43211"},"modified":"2022-03-11T18:05:17","modified_gmt":"2022-03-11T18:05:17","slug":"exclusive-bp-eni-clinch-deal-on-angola-joint-venture","status":"publish","type":"post","link":"https:\/\/southafricagazette.com\/exclusive-bp-eni-clinch-deal-on-angola-joint-venture\/","title":{"rendered":"Exclusive-BP, Eni clinch deal on Angola joint venture"},"content":{"rendered":"
By Ron Bousso and Stephen Jewkes LONDON (Reuters) – Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters. The deal will create a company called Azule Energy that is expected to be Angola\u2019s largest producer with stakes in 16 licences and in the Angola LNG joint venture. Azule Energy will also take over Eni\u2019s stake in Solenova, a solar company jointly held with Angola’s Sonangol. Earlier three sources said the two energy groups were close to raising around $2.5 billion in financing to…<\/p>\n