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Vitol Gets Further Into Upstream Energy With Eni Africa Deal

Vitol Group agreed to buy into more Eni SpA assets in Africa as the trading giant taps bumper profits to beef up its oil and gas portfolio.



Vitol Group will acquire stakes in Eni SpA's oil and gas projects in Ivory Coast and the Republic of Congo for at least $1.65 billion, potentially reaching $2.7 billion. This deal expands Vitol's upstream energy portfolio and their partnership with Eni in West Africa, while also furthering Eni's asset disposal strategy.

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