Eni to Cut Libyan Oil Production

By John Lee.

The CEO of the Italy’s Eni has reportedly said that the company is planning to reduce oil production in Libya.

Outlining the company’s strategy for 2018-2021, Claudio Descalzi (pictured) said production would fall from 320,000 bpd to 200,000 bpd.

But he added that while it was not possible to initiate new projects in Libya in the last eight years, the company will not leave Libya.

(Sources: LANA, Oil Price)

2 Responses to Eni to Cut Libyan Oil Production

  1. local March 23, 2018 at 4:12 pm #

    Dear Sir,

    i am not sure his statement is legitimate or is it with in the hand control of NOC libya.

    Local

  2. Mohammed Algodban March 26, 2018 at 5:18 pm #

    No body know what will happen ?!

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