Eni doesn't see Kashagan stoppage running into 2015 • 9:59 AM
- Eni (E) CEO Paolo Scaroni doesn't expect the temporary stoppage of output at the giant Kashagan oil field to run into 2015, even as the consortium that runs it carries out tests after natural gas leaks.
- A prolonged halt at Kashagan, which has been plagued by years of delays and cost overruns, could be a drag on the finances of the consortium behind the project, which includes Eni, Exxon Mobil (XOM), Total (TOT) and Royal Dutch Shell (RDS.A, RDS.B).
- Scaroni also says Italy could produce up to 20% of its oil needs, but blames Italy's environmental regulations; he says that adopting regulations like those in force in Norway or the U.K. would allow Italy to double its domestic oil production.
New Follow our top articles @SAlphaTrending on Twitter
Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following XOM: unsubscribe from all XOM email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on XOM
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Prices in this email are BATS Last Sale quotes.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
