Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters. The deal will create a company called Azule Energy that is expected to be Angola’s largest producer with stakes in 16 licenses and in the Angola LNG joint venture. Azule Energy will also take over Eni’s stake in Solenova, a solar company jointly held with Angola’s Sonangol. Earlier three sources said the two energy groups were close to raising around $2.5 billion in financing to help fund the joint venture and were also close to a separate agreement for Eni to buy stakes in Algerian gas plants. The two companies last year announced plans to combine their Angolan businesses into a self-funded company with oil and gas production of around 200,000 barrels of oil equivalent per […]