Rosneft buys 30% of gas field off Egypt

10 Oct 2017

Russia's Rosneft said it has completed a deal to acquire a 30% stake in the Zohr field, the largest gas field in the Mediterranean Sea, from Italy's Eni for $1.125b.

Eni will retain a 60% stake in the field, located off the coast of Egypt.

BP holds the remaining 10% interest.

'Participation in the development of a unique production asset will strengthen positions of Rosneft in the strategic markets of Europe and Middle East,' Rosneft said.

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