January 28, 2026 [Reuters]- Italian oil and gas company Eni is in talks with privately held Mercuria Group over a potential partnership in commodity trading, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Eni and Switzerland-based commodity trading firm Mercuria declined to comment. The negotiations are ongoing, and a partnership agreement may not be finalized, the report added.
Bloomberg News reported earlier this month that Mercuria posted a profit of $1.3 billion last year as it paid almost no tax.
Vitol, another Swiss commodity trading firm, struck a deal with Eni in 2025, acquiring stakes in the Italian company’s West African oil and gas assets to strengthen its foothold in the upstream sector.
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