Petroleum Africa
Find us on: 
Thursday, October 24, 2013
ENI chief, Paolo Scaroni expressed his worry over the ongoing disruptions to production in Libya. The continued civil and industry protests are hurting the Italian firm’s bottom line.
ENI is the largest foreign operator in Libya in terms of volume. Production disruptions there prompted the company in August to cut its yearly projections. ENI Chief Executive Paolo Scaroni said on the sidelines of an industry event that its Wafa field is shut and gas production is used only for domestic consumption.
Scaroni was not optimistic on a Wafa restart saying “I wish we could know; it’s impossible.”
ENI’s net profit in Q2 fell 55%, partly due to problems in Libya. It is due to report Q3 results at the end of October.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
