Eni cuts output target, slashes 2020 capex 30% over COVID-19

Eni cuts output target, slashes 2020 capex 30% over COVID-19
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

24.04.2020

MOSCOW (MRC) -- Italy's Eni on Friday lowered its production guidance for 2020 and announced at least a 30% cut in planned capex for 2020 and 2021, in response to the collapse in oil prices and the economic impact of the coronavirus pandemic, reported S&P Global.The Rome-based major said it expects oil and production to average between 1.75 million-1.80 million b/d of oil equivalent in 20

Full article at mrcplast.com

Back

news