Eni to sell shares in its Zohr gas field

Industry sources state that Lukoil is set to buy stake in Zohr Italian energy group Eni is planning to sell a 20 per cent stake in the Zohr gas field development in Egypt to Russian oil and gas producer Lukoil, according to reports in the Italian press. Eni discovered the supergiant offshore gas field in August 2015 and recently ran its first successful production test at the asset, which is the largest gas discovery ever made in the Mediterranean. Citing industry sources, the Italian Insider website reported that Lukoil is preparing to acquire a 20 per cent stake in the field