Eni, the international oil and gas company, today announced its group results for the first quarter of 2013.
Financial Highlights 2
Operational Highlights
Paolo Scaroni, Chief Executive Officer , commented: “We confirm our growth and profitability targets for the full year 2013, in spite of a slower first quarter. This was negatively impacted by lower oil&gas production due to contingencies as well as to the current downturn in the gas market. Our E&P Division confirms its production growth targets for 2013 driven by continuing progress in developing ongoing projects.
“The G&P Division will benefit from the renegotiation of supply contracts which will mitigate the impact of a still very negative market. The R&M Division and Versalis, which both delivered strong improvements over the same period a year ago, will continue with their respective programs to drive a recovery in profitability”.
[mappress] LNG World News Staff, April 25, 2013