URGENT ¥¥¥ ENI sells Mozambique stake to CNPC for $4.21bn

The Italian energy group Eni said Thursday that it had sold a 20-percent stake in an oil field know as Area 4 in Mozambique to the Chinese company CNPC for $4.21 billion.

"CNPC’s entrance into Area 4 is strategically important for the project thanks to the worldwide relevance of the new partner in the upstream and downstream sectors," a statement said.