{"id":629985,"date":"2018-04-05T03:57:06","date_gmt":"2018-04-05T03:57:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/"},"modified":"2018-04-05T03:57:06","modified_gmt":"2018-04-05T03:57:06","slug":"italys-edison-plans-to-sell-off-its-oil-and-gas-unit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/","title":{"rendered":"Italy\u2019s Edison plans to sell off its oil and gas unit"},"content":{"rendered":"<p>Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, <a href=\"https:\/\/uk.reuters.com\/article\/uk-edison-sale-e-p-exclusive\/exclusive-italys-edison-launches-spin-off-of-oil-gas-unit-sources-idUKKCN1HB1K5\">Reuters reports<\/a>. Edison\u2019s assets in Egypt \u2014 including the Abu Qir concession \u2014 are among the \u201cmost attractive parts\u201d of the company\u2019s oil and gas portfolio, sources tell the newswire. \u201cThe company has been looking to increase the size of its domestic electricity and gas retail business, betting on the market opening up to more competition, with retail energy customers increasingly able to [choose] their supplier.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, Reuters reports. Edison\u2019s assets in Egypt \u2014 including the Abu Qir concession \u2014 are among the \u201cmost attractive parts\u201d of the company\u2019s oil and gas portfolio, sources tell the newswire. \u201cThe company has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629985","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3f60f891-e490-4af6-b3ac-0c5f9b617b11","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Italy\u2019s Edison plans to sell off its oil and gas unit","related_issue":[629954],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.6bc8b06e-2cad-499b-82b9-d7b94fa1ca3a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Italy\u2019s Edison plans to sell off its oil and gas unit - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy\u2019s Edison plans to sell off its oil and gas unit\" \/>\n<meta property=\"og:description\" content=\"Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, Reuters reports. Edison\u2019s assets in Egypt \u2014 including the Abu Qir concession \u2014 are among the \u201cmost attractive parts\u201d of the company\u2019s oil and gas portfolio, sources tell the newswire. \u201cThe company has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T03:57:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Italy\u2019s Edison plans to sell off its oil and gas unit\",\"datePublished\":\"2018-04-05T03:57:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/italys-edison-plans-to-sell-off-its-oil-and-gas-unit\/\",\"name\":\"Italy\u2019s Edison plans to sell off its oil and gas unit - 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The company is said to be locked in a bidding war with Cairn Energy over the EDF-owned company\u2019s oil and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598995,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/16\/greeces-energean-makes-bid-for-edisons-oil-and-gas-business\/","url_meta":{"origin":629985,"position":1},"title":"Greece\u2019s Energean makes bid for Edison\u2019s oil and gas business","author":"enterpriseam admin","date":"16 June 2019","format":false,"excerpt":"M&A WATCH- Greece\u2019s Energean makes bid for Edison\u2019s oil and gas business: Greek energy company Energean Oil & Gas has made an offer for oil and gas exploration and production assets held by Edison, including those in Egypt, Bloomberg reported, citing unidentified sources. Edison, an Italian arm of France\u2019s EDF,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599789,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/edf-looking-to-sell-edisons-egypt-exploration-and-production-assets\/","url_meta":{"origin":629985,"position":2},"title":"EDF looking to sell Edison\u2019s Egypt exploration and production assets","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"Potential bidders for Edison\u2019s Egypt assets line up ahead of expected close this month: France\u2019s EDF is looking to sell Edison exploration and production assets in Egypt and Italyin a private auction where bidders are expected to offer up to USD 2 bn, sources close to the matter told Bloomberg.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596823,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-approves-energeans-takeover-of-edisons-oil-and-gas-assets-in-egypt\/","url_meta":{"origin":629985,"position":3},"title":"Egypt approves Energean\u2019s takeover of Edison\u2019s oil and gas assets in Egypt","author":"enterpriseam admin","date":"9 July 2019","format":false,"excerpt":"M&A WATCH- Oil Ministry approves Energean\u2019s acquisition of Edison\u2019s Egypt oil and gas assets: Oil Minister Tarek El Molla has given his preliminary approval to Energean\u2019s takeover of Edison\u2019s Egypt oil and gas assets, the local press reported, citing an unidentified industry source. The Greek energy company will remain committed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594321,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/eni-acquires-70-of-edisons-stake-in-north-east-hapi-mediterranean-concession\/","url_meta":{"origin":629985,"position":4},"title":"Eni acquires 70% of Edison\u2019s stake in North East Hapi Mediterranean concession","author":"enterpriseam admin","date":"27 October 2019","format":false,"excerpt":"M&A WATCH- Eni has acquired 70% of Edison\u2019s stake in Block 12 of its North East Hapi natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. The source did not disclose further details on the sale of the block, which Edison won in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559485,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/energean-ramping-up-spending-at-former-edison-assets\/","url_meta":{"origin":629985,"position":5},"title":"Energean ramping up spending at former Edison assets","author":"enterpriseam admin","date":"24 January 2021","format":false,"excerpt":"Energean is planning to spend some USD 235 mn to develop the North Amriya and North Idku concessions offshore Egypt, the Greek company said in a statement (pdf) on Thursday, its first major investment in its Egypt assets since acquiring them from Edison last year. The North Amriya concession contains\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/283.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=629985"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629985\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629954"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629985"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629985"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}