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Eni, Scaroni: "Bond ok, but we won't make any more in 2011"

According to the managing director, the bonds that the oil company has recently placed on the market for 1,3 billion "have worked well" - The manager also announces that the Greenstream gas pipeline between Italy and Libya should be back in operation within the month.

Eni, Scaroni: "Bond ok, but we won't make any more in 2011"

The sale of the last Eni bond "went well", but "this year, for sure, we won't do any more". So said Paolo Scaroni, CEO of the oil group, in reference to the 1,3 billion bonds that the company recently placed on the market. The securities, expiring in 2017, were aimed at the retail public.

“There is a type of investor who wants to diversify his investments – added Scaroni – and focus on an international company with solidity like us. The bond has performed well thanks to our reputation in times that are hard not to describe as complicated. Banca Imi has worked particularly well, it has made a particular effort”.

As for Greenstream, the gas pipeline that connects Italy and Libya, “we hope to have it launched by October with the excess gas from Wafa – announced the CEO of Eni – a plant on the border with Algeria that has always worked. Then will come also that of Sabrata, on which we are working. I liked the idea of ​​restarting it also symbolically to secure our country's supplies in view of the winter period".

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