Exploration & Production

Rosneft buys 30% Zohr stake

Rosneft has completed its acquisition of a 30% stake in the Zohr field offshore Egypt from Eni.
By Staff reporter 9 October 2017 0 27897

Rosneft has completed its acquisition of a 30% stake in the Zohr field offshore Egypt from Eni.

Rosneft has paid $1.1 billion and refunded part of Eni’s costs.

Eni now has a 60%, while BP holds the remaining 10%.