Italian oil and gas group Eni expects its output this year to improve thanks mainly to the gradual recovery of production in Libya which is expected to return to pre-conflict levels in the second half of the year.
Eni, the biggest foreign oil and gas operator in Libya, said on Wednesday 80 percent of its production in the country was back on stream. Before the conflict in Libya Eni produced 270,000 barrels of oil per day.
The group, which is targeting an output growth of 3 percent per year to 2014, said in a statement its oil and gas production in the fourth quarter fell 14 percent to 1.68 million barrels per day.
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