Italy's Eni sells Nigerian unit AENR to APEX

E•2026-10-26

Eni completed the sale of its Nigerian unit Agip Energy and Natural Resources to Nigerian firm APEX. AENR holds a 5% stake in the Renaissance joint venture.

1. Sale completed

Eni said it has completed the sale of Agip Energy and Natural Resources (AENR), its Nigerian unit, to Nigerian firm APEX. AENR explores for and produces hydrocarbons onshore and in shallow water in Nigeria, and holds a 5% stake in the Renaissance joint venture.

2. Eni divestment strategy

The sale is part of Eni's strategy to divest oil and gas assets it no longer considers strategic. Lazard acted as Eni's financial adviser.

Italy's Eni sells Nigerian unit AENR to APEX

1. Sale completed

2. Eni divestment strategy

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