Eni stakes out its future with two deals

Eni’s move into Uganda and its recent deal to help Iraq develop one of the country’s biggest oil fields looks set to determine the focus of the Italian energy group well into the next decade.

Neither of the deals is final and both still need the approval of their respective host governments. In the case of Uganda, the deal to buy assets from Heritage of the UK could still be pre-empted by Tullow, the partner in the field.