The Italian Eni Oil Group has attributed the decrease in its production in Libya to compelling reasons, leading to a decline in the production of some of its oil fields.
The Italian Eni Group clarified, in its annual report, that the decrease in its production in Libya led to a sharp decline in its financial returns for contractual reasons, however the effects of the Coronavirus pandemic and the OPEC + agreement to reduce production also had a strong impact on the Group’s annual outcome.
