The most serious geopolitical concern for Eni it's the civil war in Libya, where the group continues to produce approx 300 thousand barrels of oil equivalent per day. She told the Financial Times Claudio Descalzi, CEO of the company, hoping for "a faster effort" by the international community to reach a peace agreement.
“We worry every day, every second, about what is happening in Libya – underlined the manager -. Our first concern is the safety of our people, then that of our assets".
Eni has been operating in Libya for over 50 years and to date it is the only company that continues to produce in the country, also selling gas on the domestic market. The group does not intend to give up this primacy, and according to Descalzi, the Libyan situation will not deteriorate to the point of forcing the Italian company to close production.
On the other hand, without Eni Tripoli would remain in the dark, therefore it is likely that the danger of attacks is limited: “The Libyans will protect their assets – added the CEO -. They are the most important thing they have."
On the more properly industrial side, later Shell's operation on Bg, Descazi believes that in the oil & gas sector we can glimpse “a window of opportunity” for further acquisitions, with more likely targets for shale assets in the US and the Gulf of Mexico than European companies, even if Eni does not need acquisitions after the discoveries made in sub-Saharan Africa.
Finally, Eni has reached a record level of production of 70 barrels of oil per day in the western Egyptian desert, doubling the production level in the area in just three years. The company communicates "The important result that derives mainly from the Melehia concession, located 290 kilometers west of Alexandria in Egypt".
