Italian oil company Eni has signed a 300 million dollar deal to sell non-core assets in Congo-Brazzaville to independent French company Perenco.

The transaction took place a few days after the Italian company agreed to buy the private company Neptune Energy for 4.9 billion dollars and is the latest in a series of transactions in Africa by Perenco

Eni did not disclose the assets, but stressed that these are stakes in various licenses that are not crucial to its growth strategy in the country.

The value of the operation is around 300 million dollars, the seller said, a figure that includes firm and contingent considerations and is subject to the usual adjustments.

Eni said it is the only company committed to developing Congo-Brazzaville's gas resources, in particular through the Congo LNG project, which will exploit existing gas in the Marine XII block and also provide raw material for a domestic power plant.

Congo LNG is expected to reach a global capacity of around 4.5 billion cubic meters per year.

Eni currently supplies gas to the Congo Power Plant, which produces 70% of the country's electricity.