{"id":632745,"date":"2018-02-19T04:31:03","date_gmt":"2018-02-19T04:31:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/eni-looks-to-swap-10-of-zohr-for-stakes-in-other-projects\/"},"modified":"2018-02-19T04:31:03","modified_gmt":"2018-02-19T04:31:03","slug":"eni-looks-to-swap-10-of-zohr-for-stakes-in-other-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/eni-looks-to-swap-10-of-zohr-for-stakes-in-other-projects\/","title":{"rendered":"Eni looks to swap 10% of Zohr for stakes in other projects"},"content":{"rendered":"

Eni looks to swap 10% of Zohr for stakes in other projects: <\/strong>Eni is looking into possibly selling another 10% stake in Zohr, Eni\u2019s CFO Massimo Mondazzi told Reuters Arabic on Friday<\/a>. He added that the company was also exploring using this upcoming sale to swap stakes in the field with other projects, he added. Eni holds a 60% stake in Zohr, with Rosneft controlling 30%, and BP 10%.<\/p>\n

As for Turkey\u2019s navy blocking Eni\u2019s rigs off the coast with Cyprus<\/strong>, Mondazzi said that the situation was out of the company\u2019s hands. He did state, however that there are other areas which the company will explore in Cyprus\u2019 offshore fields. Turkey had escalated its bullying of Cyprus last week<\/a> after its tantrums over the Economic Exclusion Zone agreement between Cyprus, Egypt and Greece failed to gather meaningful attention.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eni looks to swap 10% of Zohr for stakes in other projects: Eni is looking into possibly selling another 10% stake in Zohr, Eni\u2019s CFO Massimo Mondazzi told Reuters Arabic on Friday. He added that the company was also exploring using this upcoming sale to swap stakes in the field with other projects, he added. […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632745","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bfd43ed0-5fd9-49e0-850b-dc743814a87c","order":"0","is_powered_by":true,"section_story_id":"194f9b5d-1eea-44f5-9418-68629336aed0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632728],"teaser":"","voice_url":""},"yoast_head":"\nEni looks to swap 10% of Zohr for stakes in other projects - 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\/02\/19\/eni-looks-to-swap-10-of-zohr-for-stakes-in-other-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eni looks to swap 10% of Zohr for stakes in other projects\" \/>\n<meta property=\"og:description\" content=\"Eni looks to swap 10% of Zohr for stakes in other projects: Eni is looking into possibly selling another 10% stake in Zohr, Eni\u2019s CFO Massimo Mondazzi told Reuters Arabic on Friday. He added that the company was also exploring using this upcoming sale to swap stakes in the field with other projects, he added. 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Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. 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The company, which holds a 30% stake in the Shorouk concession, reported that production in 2H2018 totaled 9.1 bcm, an almost three-fold increase from the 3.1 bcm produced in 1H2018. Field operator\u2026","rel":"","context":"In "Speed Round"","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":632300,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/07\/are-eni-and-total-at-the-precipice-of-a-giant-gas-discovery-in-cyprus\/","url_meta":{"origin":632745,"position":5},"title":"Are Eni and Total at the precipice of a giant gas discovery in Cyprus?","author":"enterpriseam admin","date":"7 February 2018","format":false,"excerpt":"Are Eni and Total at the precipice of a giant gas discovery in Cyprus? 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