As part of the initial phase of the buyback, Eni (E) will acquire up to 6.4 million of its shares, representing 0.25 of its share capital.
As part of this project, Baker Hughes (BKR) will provide 20 compression trains to be installed across three gas-boosting stations within Hassi R'Mel.
Eni (E) considers divesting a 20% stake in Enilive, its biorefining arm, signaling a strategic shift toward renewable energy.