‘New Eni’ Reduces North African Exposure
Italy’s Eni, by far North Africa’s largest producer, will dramatically shift its focus away from the region as part of its strategy to grow production by almost 50% over the next 10 years.
In a “2013-2016 Strategy” presentation delivered on 14 March, CEO Paolo Scaroni talked of a “New Eni” where production would grow by 4%/year to 2016 and 3%/year beyond, reaching almost...