The spokesman said that “Eni intends to sell its stake” in the “Blue Stream” gas pipeline, which connects Russia with Turkey via the Black Sea. Thus, Eni is following the example of major oil companies, including “Shell” and “BP”, the British, which announced their withdrawal from projects in Russia.
The spokesman stressed that “Eni’s current presence in Russia is marginal,” noting that “existing joint projects” with the semi-public Russian giant Rosneft, “related to exploration licenses in the Arctic, have been frozen for years, especially due to international sanctions imposed since 2014.” .
Eni’s stake in its joint ventures with Rosneft is 33 percent. In response to a question by AFP, an Eni spokesman did not specify the size of the company’s stake in the Blue Stream gas pipeline.
On Monday, Shell announced that it would give up its stakes in several joint ventures with “Gazprom” in Russia due to its invasion of Ukraine.