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Eni and Petronas launch gas joint venture in Southeast Asia
Eni and Petronas launch gas joint venture in Southeast Asia MILAN, June 8 : Italy's Eni and Malaysia's Petronas have established a 50-50 joint venture combining energy businesses across Indonesia and Malaysia after signing an investment agreement in November, they said on Monday. The move is part of Eni's so called satellite strategy to spin off specific assets and develop them separately with the help of a partner. The new company, named Searah, will start from an initial production base of...