ENI on Friday said it expected
its oil and gas production to rise by over 3% a year through
2019 as it slashes investments by 21% to approximately 37
billion euros from its previous plan.
The State-controlled energy giant said it forecast an
overall growth of 13% by 2019.
In a statement on its new 2016-2019 plan, ENI also said it
was confirming its dividend this year at 0.8 euros per share.
The group announced it is planning new asset sales worth
seven billion euros over the same period.
The previous plan provided for eight billion euros in asset
sales of which seven million have so far been sold.
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