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Eni SpA to Set Up Joint Venture with PDVSA to Exploit Perla Reserves-Reuters

Wednesday, 28 Aug 2013 06:00pm EDT 

Reuters reported that Eni SpA said it had agreed with Venezuela's state-run oil group PDVSA to set up a new joint venture to exploit condensate reserves in the Perla block, estimated at around 170 million barrels. Eni will hold a 40% stake in the joint venture, with PDVSA taking the rest. 

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