Add as a preferred source on GoogleADNOC’s XRG Weighs Investment in Eni’s Libyan Oil and Gas Business
The discussions are preliminary, and an agreement is not assured. The stake’s size, price and asset scope have not been disclosed.
XRG is considering an investment in Eni’s Libyan oil and gas operations.
The discussions are preliminary, and an agreement is not assured. No stake size, price or timetable has been disclosed.
Neither company has confirmed the discussions, and both declined to discuss speculation. The assets under consideration are unspecified, including whether a possible stake would involve Mellitah Oil & Gas BV, which operates Eni’s Libyan business.
Eni and Libya’s National Oil Corporation each own 50% of Mellitah. Libya accounted for about 162,000 barrels of oil equivalent per day in Eni’s equity production in 2025. Eni has operated in the country since 1959.
XRG aims to build a top-five integrated gas and liquefied natural gas (LNG) business, targeting annual capacity of 20 million to 25 million metric tons by 2035.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.