Eni has awarded a twin mandate to Deutsche Bank, the longstanding adviser to state-owned Russian group Gazprom, after the Italian utility bought assets from bankrupt oil company Yukos worth Rb151.5bn (€4.4bn).

Eni revealed yesterday that EniNeftegaz, a joint venture with Enel in which it owns a 60% stake, had bought Lot 2 in the Yukos liquidation auction, the third largest foreign acquisition in Russia's oil and gas sector.