By Giovanni Legorano
MILAN--Energy company Eni SpA (E) said Monday it signed an
agreement with Vietnamese national oil company PetroVietnam to
develop business opportunities in Vietnam and abroad.
Eni added that under the agreement it will allow PetroVietnam to
acquire shares in international areas and blocks where it owns the
rights to exploration and development.
In a statement, the Italian company said the agreement was
signed by Eni Chief Executive Paolo Scaroni and PetroVietnam
President and Chief Executive Do Van Hau in Rome, after a meeting
between Italian Prime Minister, Mario Monti, and the General
Secretary of the Communist Party of Vietnam, Nguyen Phu Trong.
Eni has been present in Vietnam since June 2012 through a 50%
participation and the operatorship of three exploration blocks
located in the Hong Son basin in the Gulf of Tonkin that is
estimated to contain 10% of the hydrocarbon resources of
Vietnam.
Write to Giovanni Legorano at giovanni.legorano@dowjones.com
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