Eni lowers price assumptions, expects to write off EUR3.5 billion in assets value

Eni lowers price assumptions, expects to write off EUR3.5 billion in assets value
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15.07.2020

MOSCOW (MRC) -- Eni (Rome, Italy) says it expects to record a post-tax, noncash impairment charge of approximately EUR3.5 billion (USD3.95 billion) in its second-quarter 2020 results after revising downward its short- and long-term price assumptions for oil and gas following an assessment of the impact of COVID-19 on its trading environment, said Chemweek.Up to EUR2.8 billion of the writ

Full article at mrcplast.com

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