Eni looking to sell assets in Pakistan in portfolio rethink — sources

Eni's logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. (REUTERS/File)
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Updated 11 December 2020
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Eni looking to sell assets in Pakistan in portfolio rethink — sources

  • The Italian energy group is sounding out potential buyers and may have a deal in place before the end of the first quarter
  • Eni is currently reviewing its exploration and production portfolio and leaving or downsizing operations in countries where it has a small presence

MILAN: Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas portfolio following a strategic re-shake this year, sources close to the matter said.
The company is sounding out potential buyers for a series of oil and gas assets in the country and could have a deal in place before the end of the first quarter, one of the sources said.
"It's a small country for Eni in the sense it has little business there and so it makes sense to rethink operations," a second source said.
Eni declined to comment.
The assets Eni plans to sell include its main producing permits at Bhit, Badhra and Kadanwari, in Sindh province, but will probably exclude its solar power business in the area, one of the sources said.
Eni is currently reviewing its exploration and production portfolio and leaving or downsizing operations in countries where it has a small presence with few opportunities to grow or where development is too long and complicated.
It is working to sell assets in Australia where it aims to keep control of its solar business as it looks to meet aggressive renewable energy targets.
Earlier this year Eni unveiled one of the most ambitious cleanup drives in the oil industry when it pledged to slash its greenhouse gas emissions by 80%.
The move by Eni, which supplied 3 million cubic meters of natural gas a day to Pakistan in 2018, underlines the chronic problems facing the country, where a deep energy crisis has hampered economic development for years.


Pakistan reports new polio case, taking 2025 tally to 31

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Pakistan reports new polio case, taking 2025 tally to 31

  • The virus infected a four-month-old girl in KP’s North Waziristan district
  • Symptoms were detected in December last year, health authorities said

ISLAMABAD: Pakistan has reported a new case of wild poliovirus in its northwest, taking the country’s total number of polio cases in 2025 to 31, health authorities said on Tuesday, highlighting the persistence of the disease in high-risk areas despite vaccination campaigns.

The latest infection was confirmed in a four-month-old girl from North Waziristan district in Khyber Pakhtunkhwa province, according to the Regional Reference Laboratory for Polio Eradication at the National Institute of Health in Islamabad, which detected wild poliovirus type 1 (WPV1) in laboratory samples.

“The child had onset of symptoms in December, and subsequent samples collected from her were positive for WPV1, the lab reported this week,” said the statement. “Therefore, this is the 31st case of 2025.”

Last year, Pakistan reported 20 cases from Khyber Pakhtunkhwa, nine from Sindh and one each from Punjab and Gilgit-Baltistan, according to health authorities. Southern Khyber Pakhtunkhwa accounted for more than half of Pakistan’s WPV1 cases in 2025, with 17 of the country’s 31 cases reported from the region.

“Ongoing security challenges have limited consistent access for polio teams in parts of southern KP, including North Waziristan, resulting in persistent immunity gaps and leaving children vulnerable to this paralytic disease,” the statement said.

It added that it was critical to ensure that every child is reached with the polio vaccine in every house-to-house campaign and has received full doses of routine immunization.

Polio is a highly contagious viral disease that can cause permanent paralysis, mainly in children under five.

Pakistan and neighboring Afghanistan are the only two countries in the world where the disease remains endemic.