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Eni Sees Over 3% Yearly Output Rise to 2019

Posted by March 18, 2016

Italy's Eni said on Friday it expected its oil and gas production to grow by more than 3 percent per year in the period to 2019 as it cuts investments by 21 percent.
 
In a statement on its new 2016-2019 plan, the state-controlled major said it would keep its dividend steady this year at 0.8 euros per share.
 
The group said it was targeting cost savings of 6 billion euros ($7 billion) over the period and new asset sales of 7 billion euros. 
 
(Reporting by Giancarlo Navach and Stephen Jewkes)

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