Eni CEO Says Q1 Production Rose 4%

Italy's Eni grew its oil and gas production by 4 percent in the first quarter, CEO Claudio Descalzi said on Tuesday.

 

"Production is good. We have 4 percent growth year-on-year and quarter-on-quarter," Descalzi said, presenting the group's recent business plan in New York.

 

The 2018-2021 plan was first presented in March.

 

Eni is targeting output growth of 3.5 percent in the next four years with a growth of around 4 percent this year compared to 2017.


(Reporting by Stephen Jewkes; editing by Francesca Landini)