Eni Group attributes decline in production in Libya to compelling reasons

oil and gas - February 21, 2021

The Italian Eni Oil Group has attributed the decrease in its production in Libya to compelling reasons, leading to a decline in the production of some of its oil fields.

The Italian Eni Group clarified, in its annual report, that the decrease in its production in Libya led to a sharp decline in its financial returns for contractual reasons, however the effects of the Coronavirus pandemic and the OPEC + agreement to reduce production also had a strong impact on the Group’s annual outcome.

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