Eni is building a more solid company, says CEO Descalzi
(AGI) London, Mar 13 - The 2015-2018 plan will strengthen Eni'sbusiness, said CEO Claudio Descalzi, during the presentation ofthe strategy. "We have taken a series of additional measures,including capex optimisations and opex and G&A reductions, allof which will strengthen the business," he explained. "Despitethis success, the oil price fall means our 2015-2018 plan ispredicated on much lower oil prices [...] The decision tore-base the dividend in 2015 is appropriate and in line withour strategic objectives considering the new oil pricescenario. It sets a level from which sustainable returns can bedelivered