Eni Confirms Output Target, Puts Saipem Stake on Block
Italian oil and gas group Eni on Thursday confirmed a previous target for an average annual growth rate of 3 percent in oil and gas production in the period 2014-2017.
In a statement Eni said its 43 percent stake in oil services group Saipem was non-core, adding it was evaluating a series of options with a financial adviser.
It said it would increase its asset disposal plan by 2 billion euros to an overall 11 billion euros.
(Reporting by Stephen Jewkes; editing by Oleg Vukmanovic)