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BRIEF-Eni CEO says deal with Petronas is transformational
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July 25 (Reuters) - Eni ENI.MI executive say in post-results call:
ENI CEO: GROUP IS ACCELERATING RESTRUCTURING OF CHEMICAL BUSINESS WITH EARLY CLOSURES OF TWO STEAM CRACKERS IN ITALY
ENI CEO: JV WITH PETRONAS WILL FOCUS ON 19 BLOCKS IN INDONESIA AND MALAYSIA
ENI EXEC: NEW LNG CONTRACT WITH VENTURE GLOBAL IS VERY COMPETITIVE
ENI CEO: ASKED ABOUT SUCCESSION PLAN, SAYS THERE IS NO WORRY INSIDE GROUP BECAUSE MANAGEMENT TEAM IS STRONG
ENI CEO: JV WITH PETRONAS IS TRANSFORMATIONAL PROJECT FOR GROUP
ENI CEO: THERE IS A POSSIBILITY THAT SHARE BUY BACK COULD BE INCREASED, WILL SEE IN NEXT MONTHS
ENI CEO: SATELLITE STRATEGY AND BUSINESS COMBINATIONS ARE HELPING US TO REDUCE OVERLAPS AND COSTS
ENI EXEC: GROUP IS FOCUSED ON OWN RESOURCES IN NAMIBIA, NOT INTERESTED IN SALE PROCESS BY GALP
ENI EXEC SEES AROUND 100 MILLION EURO POSITIVE EFFECTS IN H2 2025 FROM CLOSURE OF CRACKERS IN ITALY
ENI EXEC: MORE POSITIVE IMPACT FROM CHEMICAL RESTRUCTURING EXPECTED IN 2026
ENI EXEC: PLAN IS TO TAKE FINAL INVESTMENT DECISION (FID) ON ARGENTINA LNG PROJECT BY Q1 2026
Source text: [ID:]
Further company coverage: ENI.MI
(Reporting by Milan newsroom)


