BP-Eni joint venture Azule acquires 42.5% stake in Namibia offshore oil bloc

BP-Eni joint venture Azule acquires 42.5% stake in Namibia offshore oil bloc

06 May 2024

Azule Energy, an equal joint venture between BP and Italian oil major Eni for their Angolan business, has signed an agreement with Rhino Resources of Namibia for a 42.5 per cent interest in the country’s offshore oil bloc in the Orange Basin.

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