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Eni and Petronas Forge Major Southeast Asia Upstream Joint Venture
Market Intelligence Analysis
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Why This Matters
Eni and Petronas have formed a joint venture in Southeast Asia, investing $15 billion over five years to develop at least eight new projects, signaling a significant boost in upstream energy production.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Italy’s energy giant Eni and Malaysian state oil and gas firm Petronas are combining their upstream assets in Indonesia and Malaysia in a new, equally-owned joint venture, the Italian company said on Monday. The newly-created joint venture, which will operate as a separate self-sufficient financial entity, plans to invest $15 billion over the next five years, under the deal Eni and Petronas signed at the ADIPEC energy conference in Abu Dhabi today. The investment will support the development of at least eight new projects…
Original article published by
OilPrice.com
on November 3, 2025.
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