Eni completes sale of Nigerian subsidiary AENR to Apex
E•Eni completed the sale of Agip Energy and Natural Resources to Apex Global Energy on October 26, 2026. AENR holds a 5% stake in the Renaissance joint venture.
1. Sale completed
Eni completed the sale of Nigerian subsidiary Agip Energy and Natural Resources (AENR) to Apex Global Energy on October 26, 2026. Apex is wholly owned by Sterling Oil Exploration and Energy Production. AENR operates in Nigerian onshore and shallow-water exploration and production, and holds a 5% stake in the Renaissance joint venture.
2. Eni’s Nigeria presence
Eni said the sale supports its strategy to rebalance its upstream portfolio by divesting non-strategic assets. Its remaining Nigerian presence includes deepwater exploration and development, alongside participation in Nigeria LNG.
