--Eni has tapped advisers to explore the sale of a stake in its upstream operations in Ivory Coast, in a deal potentially worth 1 billion euros ($1.07 billion), Bloomberg reports, citing unnamed sources.

--The Italian oil-and-gas major is still evaluating the size of the stake to be sold but it could be up to 30% of the business, with interest coming from Asian peers, according to Bloomberg.

--A divestment would be in line with Eni's strategy to raise EUR8 billion of net proceeds from asset disposals through to 2027.

--Eni declined to comment when contacted by Dow Jones Newswires.

Full story: https://tinyurl.com/5sewptpv

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

06-19-24 0602ET