Mubadala unit buys 15% of Nargis block

Mubadala Energy has completed the acquisition of a 15 per cent stake in Egypt’s offshore Nargis exploration block from Eni, strengthening its presence in the country’s gas sector.

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In the concession, Eni now holds a 30 per cent of the Contractor interest through its subsidiary, IEOC. The concession is operated by Chevron, with a 45 per cent Contr