Vitol Acquires Eni’s Ivory Coast and Congo Assets in $1.65 Billion Deal

Vitol Acquires Eni’s Ivory Coast and Congo Assets in $1.65 Billion Deal
2 months ago

In a strategic move aimed at bolstering its presence in the African oil market, Vitol, the prominent global energy and commodities trading firm, has announced the acquisition of assets in Ivory Coast and the Republic of Congo from the Italian multinational oil and gas company Eni for a substantial $1.65 billion. This deal marks a significant milestone for Vitol as it seeks to expand its portfolio in West Africa's oil-rich landscape.

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Vitol CEO Warns Europe on Financial Viability of Net Zero Goals

Vitol CEO Warns Europe on Financial Viability of Net Zero Goals
3 months ago

The ambitious net-zero emissions target set by European nations is under scrutiny, as the CEO of global energy and commodity trader Vitol has raised concerns about its potential financial implications. According to the company's leader, achieving net-zero by the set deadlines may be too burdensome for Europe's economy, sparking a debate on the practicality of these climate goals.

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