Eni S.p.A

ENI

IT0003132476

Integrated Oil & Gas

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18.06 ^EUR	-0.25%		+1.19%	+11.83%

02-12	Italy to adopt energy bill-cutting package next week, PM Meloni says	RE
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Eni Signs Agreement with SOCAR for 10% Stake Sale in Baleine Project, Ivory Coast

Published on 01/22/2026 at 09:01 am GMT

Alliance News - Translated by Marketscreener - See original

ENI S.P.A

-0.25%

SOCAR INC.

-0.66%

(Alliance News) - Eni Spa announced on Thursday that it has signed a binding agreement with SOCAR, the state oil company of the Republic of Azerbaijan, for the sale of a 10% stake in the Baleine project.

This is the main offshore development in Ivory Coast, operated by Eni with a 47.25% share, and participated by Vitol with 30% and Petroci with 22.75%.

As the company explained in a statement, the closing of the transaction is subject to the necessary regulatory approvals and other customary clauses and conditions.

Eni has been present in Ivory Coast since 2015.

Eni shares rise by 0.4% to EUR16.58 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ENI S.P.A	18.06EUR	-0.25%	+1.19%	65.15B
	SOCAR INC.	12,080.00KRW	-0.66%	+0.67%	276M

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Company Profile

Eni S.p.A is a global energy company with high technological content, present along the entire value chain: from the exploration, development and extraction of oil and natural gas to the production of electricity from cogeneration and renewable energy sources, from traditional and bio-based refining and chemistry to the development of circular economy processes. Eni S.p.A extends its reach to end markets, selling gas, electricity and products to local markets as well as to private and professional customers, to whom it also offers energy efficiency and sustainable mobility services. Thanks to the consolidation of skills, technologies, geographical and source diversification, development alliances and innovative business and financial models, Eni S.p.A. continues to generate value, meeting the challenges of the energy trilemma.

Employees

32,492

Sector

Integrated Oil & Gas

Calendar

02-25 - Q4 2025 Earnings Release

More about the company