Eni cuts 2020, 2021 capex to mitigate coronavirus hit

Eni cuts 2020, 2021 capex to mitigate coronavirus hit
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26.03.2020

MOSCOW (MRC) -- Italian oil and gas group EniВ said on Wednesday it would reduce its capital expenditure this year by around EUR2 billionВ (USD2.17 billion) to mitigate the impact from falling commodity prices following the coronavirus emergency, reported Reuters.Planned capex will be cut by around EUR2.5-3.0 billionВ next year, it added."We are taking these actions in order to defend our

Full article at mrcplast.com

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