E N I Spa (E) Announces Angolan Expansion with Greater PAJ Project Investment

E N I Spa (NYSE:E) is one of the best energy dividend stocks to invest in now.

On June 22, E N I Spa (NYSE:E) reiterated its Final Investment Decision for the Greater PAJ project in Angola. The company maintains an interest in the major offshore oil development project in Blocks 31 and 31/21 through Azule Energy, an entity it equally owns with BP. The project represents a coordinated approach to developing hydrocarbon resources across two adjacent concessions.

Eni SpA remains confident of delivering the first oil in less than 3 years, in the first half of 2029, as it works on a concept comprising 17 wells connected to a new Floating Production Storage and Offloading vessel (FPSO) with a capacity of 95,000 barrels of oil a day.

E N I Spa (NYSE:E) is a global energy company headquartered in Rome, Italy, operating in 62 countries. It is an “integrated energy” corporation, meaning it covers the entire energy value chain—from extracting oil and gas to producing renewable energy and biofuels, and supplying energy directly to consumers.

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