Eni (E) said Wednesday it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets.
The independently operated venture will handle selected energy commodities trading and commercialization activities, including oil, biofuels, natural gas, LNG, and related logistics and infrastructure rights.
The partnership aims to expand the companies' trading footprint, improve efficiency and risk management, and boost value creation by combining their complementary assets and trading expertise, Eni added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments