Eni eyes oil spin-offs to tackle debt in the energy transition | TITAN Financial
Eni eyes oil spin-offs to tackle debt in the energy transition.
Italy's Eni is considering spinning off oil and gas assets in West Africa and the Middle East into new joint ventures. This should help reduce debt and finance the transition to low-carbon energy.
This is part of a major overhaul that the company began last year as it moves to renewable energy sources and is phasing out its oil and gas production, reported RTRS.
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