CNPC announces closure of share purchase agreement with Eni

CNPC is pleased to announce that CNPC and Eni S.p.a. have closed their previously announced transaction which will see CNPC acquire shares of Eni East African. All conditions precedent requiring government and partner approvals have cleared.

Under the terms of the agreement that was announced on April 14, 2013, CNPC has acquired 28.57 percent shares of Eni East African which represents 20 percent working interest in Mozambique Area 4 natural gas field in Rovuma Basin.