Announced
Financials
Sources
Tags
Private
Friendly
Angola
Pending
Cross Border
energy
Integrated Oil and Gas
Joint Venture
Majority
Acquisition
Synopsis
bp and Eni, two oil and gas companies, agreed to form Azule Energy in a $14.1bn deal. "Angola has long been important for bp operations and this innovative new venture underscores and enables our continued commitment to the country. Eni is a valued partner to be working with in the region. Azule Energy draws on our combined strengths and skills and, more importantly, is anchored in our shared values and beliefs about what the future of energy should be. Ultimately Azule Energy will be able to drive efficiencies and realize new opportunities across an expanded and truly exciting portfolio," Bernard Looney, bp CEO.
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