March 9, 2017 / 11:25 AM / 5 months ago

Exxon to buy 25 pct stake in Mozambique gas project

March 9 (Reuters) - Exxon Mobil Corp said on Thursday it would buy a 25 percent stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni SpA for $2.8 billion in cash.

Eni, which operates the Area 4 block, holds a 50 percent indirect stake through Eni East Africa, which owns 70 percent of Area 4. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below