Russia's Rosneft buys into huge European gas field

Russia's largest oil company Rosneft has secured access to the largest gas discovery ever in the Mediterranean with a major acquisition.

The owners of the large Shorouk concession in the Mediterranean have gained a new companion as Russian Rosneft has paid Italy's Eni USD 1.13 billion for a 30 percent stake in the area, Eni announced Monday.

The concession concerns the large gas discovery Zohr, which is the biggest ever in the Mediterranean.

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