Market Chatter: XRG Said to Weigh Investment in Eni's Oil and Gas Business in Libya

08:30 AM EDT, 10/22/2026 (MT Newswires) -- XRG is exploring an investment in Italian energy company Eni's (ENI.MI) oil and gas business in Libya, Reuters reported Thursday, citing two sources familiar with the matter. The two parties are in early talks, with no guarantee that a deal will be reached. One of the sources said the prolonged US-Iran conflict added urgency to XRG's efforts to expand its business beyond the Gulf. XRG serves as the international investment branch of Abu Dhabi National Oil Co. XRG and Eni did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)