24 Dec 2012 19:34

Gazprom Neft notifies ENI of desire to exercise Elephant stake purchase option

MOSCOW. Dec 24 (Interfax) - Gazprom Neft has sent Italian energy company ENI notification of intent to exercise an option for the purchase of a stake in the Libyan project Elephant, a Gazprom Neft statement says.

The next phase involves the receipt of equipment for Gazprom Neft's entry into the project on the part of the Libyan authorities in the person of state-run National Oil Corporation.

Gazprom Neft has done due diligence on the asset.