Eni buys 70% of Edison stake in Egypt's Habi offshore gas concession
10/25/2019
CAIRO, Oct 24 (Reuters) - Italyian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.
The official, who spoke on condition of anonymity, declined to give further details. Edison won Block 12 in a bidding round run by EGAS in 2015.
(Reporting by Ahmed Ismail Writing by Aidan Lewis Editing by David Goodman)
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