Eni, the international oil and gas company, announced preliminary results for the fourth quarter and the full year 2011.
Financial Highlights
Operational Highlights
Paolo Scaroni, Chief Executive Officer , commented:
“ 2011 was a year of significant exploration success for Eni. The large Mamba discovery in Mozambique opens up extraordinary development opportunities and is ideally placed to serve the fast-growing Asian gas markets. We have also made important discoveries in the Barents Sea, Angola and South-East Pacific. Meanwhile, we have rapidly restarted our Libyan operations, reducing the impact of the Revolution on 2011 results. The difficult macro economic situation in Italy and Europe has impacted our results in Gas & Power, Refining & Marketing and in the petrochemical sector. Despite that, thanks to our excellent strategic positioning, Eni will continue to generate industry-leading results, and create value for its shareholders in the long term .”
[mappress]
LNG World News Staff, February 15, 2012