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Region: Italian oil major goes on contract spree

Italian oil major Eni is positioning itself as a significant player in the regional oil and gas sector, after signing a string of deals across the UAE, Bahrain and Oman this month. On 12 January, a consortium of Eni and Thailand’s PTT Exploration and Production (PTTEP) signed agreements with Abu Dhabi National Oil Company (Adnoc) covering two offshore blocks; these are the first awards from Abu Dhabi’s competitive licensing round launched last year.

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