Sumitomo Mitsui Banking Corporation leads Eni–BP merger in Angola
Engaged in a project to merge their production activity in Angola, the two majors are giving themselves several months to decide whether or not to complete the operation. If the operation is successful, the JV will have to finance itself.
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▪ Sumitomo Mitsui Banking Corporation leads Eni–BP merger in Angola
▪ Engaged in a project to merge their production activity in Angola, the two majors are giving themselves several months to decide whether or not to complete the operation. If the operation is successful, the JV will have to finance itself.
The plan to fully merge Eni and BP in Angola is a game-changer in the balance of power in oil production in the country.
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