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

Eni will sign an offshore concession agreement with ADNOC according to source close to the negotiations. (Courtesy Eni)

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

Last Update: Wednesday, 20 May 2020 KSA 14:02 - GMT 11:02