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Eni says not mulling exit from Nigeria

Italian energy giant clarifies CEO's warnings

03 April, 18:37
Eni says not mulling exit from Nigeria (see previous) (ANSA) - Rome, April 3 - Italian energy-giant Eni on Thursday said it was not planning to abandon operations in Nigera, clarifying that such considerations were in the past and no longer current. Earlier, Eni CEO Paolo Scaroni told a Senate hearing that the State-owned multinational had mulled abandoning its oil fields in the Niger Delta, where it has operated since the 1970s, due to local criminals. "Only us, Total, and Shell operate on land in the area. The situation is very delicate because we're subjected to bunkering," added Scaroni, referring to the process of syphoning crude from oil pipes. "They then refine it, sell the gas and throw the rest into the sea, creating enormous environmental and economic damage.

"In 2013 we lost 60,000 barrels per day by closing off the pipes. "We need to produce 170,000 barrels a day and we only produced 110,000".