Sources: Eni could open up Iraq business to CNPC, Reuters reports According to two sources, Eni (E) is considering opening up its Iraq business to China's CNPC as it did with its gas discovery in Mozambique, Reuters reports. The sources note that no talks are currently under way with CNPC. Reference Link
BP upgraded to Neutral on reduced Russia risk at JPMorgan JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.