Vitol completed the acquisition of a 30% stake in the Baleine project in Cote d'Ivoire from Eni.

Vitol, a multinational energy and commodities company, completed the acquisition of a 30% stake in the Baleine project in Cote d'Ivoire from Eni, a multinational energy company. The Baleine project is now owned by Eni (47.25%), Vitol (30%) and Petroci (22.75%). Financial terms were not disclosed. The transaction aligns with Eni's strategy of optimizing its upstream portfolio by accelerating the monetization of exploration discoveries through the divestment of equity stakes, a model known as the "dual exploration model."