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Eni expands Middle East footprint through multiple deals

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ENI struck several deals during the last few weeks in the United Arab Emirates, Oman and Bahrain, as it continues diversifying into the Middle Eastern region. CEO Claudio Descalzi described the transactions as “further confirmation of our willingness to root our presence in the Middle East by creating long-term strategic partnerships.” The Italian company, which already holds stakes in three offshore Abu Dhabi licenses acquired over the last year, aims to derive 35% of......
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