--Eni SpA is in early-stage talks with BP PLC to take over the British oil company's assets in Algeria, Reuters reports, citing three sources.

--The players are exploring an outright sale or an option for BP to receive stakes in Eni's assets world-wide, as well as the creation of a joint venture similar to the Angolan model, according to the news outlet.

--Eni declined to comment, while BP wasn't immediately available for comment when contacted by Dow Jones Newswires.

Full story: https://reut.rs/3i6re7O

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(END) Dow Jones Newswires

June 01, 2021 04:31 ET (08:31 GMT)

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