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Eni 9-mt profits up 311% to 10.8 bn

Able to replace 50% of Russian gas this winter says CEO Descalzi

Redazione Ansa

(ANSA) - ROME, OCT 28 - Eni on Friday posted 9-month profits up 311% to 10.8 billion euros.
    Third quarter profits were 161% up at 3.73 billion, said the fuels giant.
    The group's adjusted third quarter EBITDA was up 132% to 5.77 billion while the nine-month figure was 187% up at 16.8 billion.
    Eni said its Italian operations lost a billion euros in the first nine months of the year.
    Eni CEO Claudio Descalzi said "already from the coming winter we will be able to replace 50% of Russian gas flows leveraging our ample and diversified reserves portfolio as well as long term partnerships with producer countries and our growing presence in the GPL business". (ANSA).
   

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