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Oil & Gas

Eni received government approval prior to selling Zohr stake to Rosneft

Posted: December 14, 2016 at 4:10 pm   /   by   /   comments (0)

sechin-sisiEni obtained approval from the Egyptian government before moving forward with selling a stake of the Shorouk concession, which contains the Zohr field, to Rosneft, a company representative told Al Borsa.

The source also added that the sale is exempt from value-added tax as per the concession agreement.


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