Divestment spree continues

ITALIAN oil major Eni is seeking to sell up to a $US5 billion ($A5.4 billion) stake of a Mozambique gas field while Apache Corporation has agreed to sell $374 million of Canadian assets.

Divestment spree continues Divestment spree continues Divestment spree continues Divestment spree continues Divestment spree continues

According to Reuters, several sources claimed Eni had hired Bank of America Merrill Lynch to advise upon a sale of about a 15% stake of the Area 4 offshore block to raise up to $5 billion.

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