Oil and Gas

Italy’s Eni and Abu Dhabi’s ADNOC to sign deal

Italian energy company Eni and state oil giant Abu Dhabi National Oil Co (ADNOC) are expected to sign a deal, the Italian government and a source said.

A statement from the Italian prime minister’s office said a signing ceremony was scheduled to take place after premier Paolo Gentiloni meets Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at the Emirates Palace afternoon.

It gave no details of the agreement between Eni and ADNOC.

Eni will sign an offshore concession agreement with ADNOC, a source familiar with the matter told Reuters, declining to be identified as the deal was not yet public.

Eni and ADNOC declined to comment.

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