Key facts: Eni resumes Venezuela lifts; Nile gas; sells 5% Nigeria JV
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Eni has resumed crude oil lifts from Venezuela in April through PDVSA-Cardon IV, shipping its first cargo to offset receivables, with ~$3.3bn owed by PDVSA and €880m recoverable. Additionally, Eni's Nidoco N-2 well in the Nile Delta has discovered natural gas, estimated at ~50 MMcf/d, allowing for potential early production. Furthermore, Eni is selling its 5% stake in the Renaissance Nigeria joint venture, with bidders including local and international energy firms, while due diligence will evaluate reputational risks.
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