Eni Finalizes Sale of Nigerian Subsidiary to Apex Global
Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources (Nigeria) Limited (AENR), to Apex Global Energy Limited, which is wholly owned by Sterling Oil Exploration and Energy Production Company Ltd. This transaction was disclosed in a statement issued by Eni on October 26, 2026.
The sale is part of a broader trend of transferring Nigerian onshore oil assets from international oil companies to indigenous operators. The transaction received approval from all relevant authorities and aligns with Eni's strategy to optimize its upstream operations by rebalancing its portfolio and divesting non-core assets.
Eni confirmed that it will continue its oil exploration and development of deep offshore assets and maintain its participation in Nigeria LNG.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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