Eni Posts 25% Drop in Second-Quarter Profit ...Middle East

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Eni Posts 25% Drop in Second-Quarter Profit
source : OILPRICE ( Middle East ) () 81
Italy’s Eni reported 25% lower profit for the second quarter of the year amid lower oil prices and a 2.6% decline in oil and gas production. The adjusted net result for March to June stood at 1.13 billion euro ($1.33 bln), on earnings before interest and tax of 2.68 billion euro ($3.15 bln). Among the highlights of the quarter, the company listed an oil discovery in Namibia, a gas discovery in Angola, and a new LNG project in Argentina, which is planned to export some 30 million tons of the superchilled fuel in 2030. Also during that quarter,…

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