Eni and Vitol to strengthen collaboration in West Africa

In a new agreement with Eni, Vitol will acquire interests in certain assets owned by Eni in Côte d’Ivoire and the Republic of Congo for an aggregate consideration of $1.65 billion.

Vitol will acquire an interest in both oil and gas producing assets and blocks undergoing exploration, appraisal and development. These include the Baleine project in Côte d’Ivoire and the Congo LNG project in the Republic of Congo.

Eni and Vitol are already partners in the OCTP and Block 4 projects in Ghana, and this agreement further consolidates cooperation between the two companies in West Africa.