Eni Eyes More Upstream Asset Sales After $1.65B Vitol Deal

Group 1: Eni's Strategic Moves - Eni SpA is considering additional sales of its upstream oil and gas assets to optimize its portfolio, following a recent agreement with Vitol to sell stakes in assets in the Ivory Coast and the Republic of Congo [1][3] - The deal with Vitol, valued at $1.65 billion, reflects Eni's strategy to streamline its portfolio and attract capital through divestments while advancing energy transition goals [3][4] - Eni's chief operating officer noted significant investor interest in the company's asset divestments, prompting further consideration of additional sales [2][4] Group 2: Market Response and Implications - The potential new sales could enable Eni to reallocate capital more efficiently, invest in energy transition projects, or reduce debt [4] - High investor interest indicates a resilient appetite for upstream oil and gas assets, particularly in Africa, where Eni has a significant presence [4]