Eni, Sonangol Ink Oil & Gas Deal

Eni and Angola's national oil company Sonangol signed on Monday an agreement on joint projects in the oil and gas sector in the African country, the Italian group said on Monday.

Under the deal, the firms will set up a joint team to study the potential of the so-called 'non-associated' gas present in the Lower Congo Basin, a highly promising area in terms of hydrocarbon production located offshore Angola, Eni said in a statement.

Eni and Sonangol will be committed to develop projects on the mid-downstream business to be carried out in Angola, it added.

Reporting by Danilo Masoni