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Stock Market & Financial Investment News

News Breaks
March 27, 2013
13:33 EDTESources: 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
News For E From The Last 14 Days
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September 11, 2014
07:10 EDTEEni: no illegal conduct on Opl 245 acquisition
In relation to the preliminary investigation launched by the Milan Prosecutor's office on the acquisition of the block OPL 245 in 2011, Eni (E) continues to deny any illegal conduct. Eni highlights that it entered into agreements for the acquisition of the block only with government of Nigeria and Shell (RDS.A). The entire payment for the issuance of the license to Eni and Shell was made uniquely to the Nigerian government. Eni notes that, according to documents received yesterday as part of a foreign procedure ordering the seizure of a third party's bank account, following a request by the Prosecutor of Milan, Eni's CEO and Chief Development, Operations and Technology Officer are under preliminary investigation by the Milan prosecutor's office. Eni is cooperating with the Milan prosecutor's office, and is confident that the correctness of its actions will emerge during the course of the investigation.

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