ENI CEO says not interested in Conoco's Kashagan stake
MILAN (Reuters) - Italy's oil major ENI (ENI.MI) does not intend to exercise its right of first refusal on ConocoPhillips' (COP.N) stake in Kazakhstan's Kashagan oil field, Chief Executive Paolo Scaroni said on Friday.
ConocoPhillips intends to sell its Kashagan stake to Oil and Natural Gas Corp Videsh (ONGC.NS) for about $5 billion.
Under the right of first refusal, its partners in the Kashagan field, the biggest oilfield discovery in over four decades, have nearly two months to decide whether they want the 8.4 percent stake in the project promised to the Indian group.
"We are not interested in exercising our right," Scaroni told reporters on the sidelines of an event.
Existing partners in the Kashagan project are state-run KazMunaiGas, Eni, ExxonMobil (XOM.N), Inpex Corp (1605.T) of Japan, Royal Dutch Shell (RDSa.L) and France's Total (TOTF.PA).
(Reporting by Giancarlo Navach, writing by Antonella Ciancio, editing by Francesca Landini)
DETROIT/NEW YORK - Ford Motor Co's board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.