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Last $34.80 USD
Change Today -0.01 / -0.03%
Volume 141.7K
E On Other Exchanges
New York
EN Amsterdam
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

eni spa-sponsored adr (E) Key Developments

Eni SpA Denies Sale Of Stake

Eni SpA (BIT:ENI)has denied sale of stake. “There are currently no plans to float a stake of fuels giant ENI on the market,” the economy ministry clarified on March 17, 2015 after Deputy Industry Minister Claudio De Vincenti made a misunderstood statement.

Eni Signs $5 Billion Heads of Agreement with Egypt

The Egyptian Ministry of Petroleum and Mineral Resources signed with Eni a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni's investments. The Head of Agreement envisages investments of an estimate $5 billion dollars of total value and was signed within the framework of Egyptian Economic Development Conference (EEDC) aimed at boosting foreign investments in the Country. The investments, which will be utilized through the realization of projects to be implemented in the next 4 years, are directed to the development of 200 million barrels of oil and 1.3 TCF of gas. These investments will also contribute effectively to the increasing energy needs of local demand. The Head of Agreement sets the basis for the improvement of some contractual parameters, including the application of a new gas price where necessary, as well as the extensions of some permits in order to ensure adequate levels of profitability to some of Eni's initiatives in the Country like those in the Gulf of Suez, in the Western desert and in the Mediterranean offshore. The realization of these initiatives by Eni, is subject to the appropriate assessment of technical and economic feasibility from both parties.

Eni SpA Cuts Dividend Guidance for 2015

Eni SpA cut the expected dividend for 2015 to EUR 0.80 (USD 0.843) per share from EUR 1.12 apiece paid for 2014 as part of the 2015-2018 strategy it unveiled.

ENI Plans TO Sell Its Assets

Eni SpA (BIT:ENI) is planning to sell $8.5 billion worth of assets over the next four years.

Eni SpA - Special Call

2015 - 2018 strategy presentation


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