Exxon Stumps Up $2.8 Billion For Mozambique Gas Gateway To Asia
Exxon Mobil Corp (XOM. N), the world’s biggest publicly traded oil producer, has agreed to pay Italy’s Eni (ENI.MI) $2.8 billion for a 25 percent stake in a giant Mozambique gas field to strengthen its position supplying rich Asian markets. Eni is currently the operator of Mozambique’s Area 4 license which, with 85 trillion cubic … Read more