Eni drag the Milan Stock Exchange with the giant oil field in Egypt – The Republic

Milan – Eni is rising on the Milan Stock at start of this week, supported by news of the discovery of a big gas field in Egypt. The titles of the six-legged dog are clearly in positive territory and drag upward the FTSE MIB, in a day rather weak for the rest of the global lists; high trading volume, with nearly 5 million pieces that have changed hands since the early minutes of the session (follow the title Live).

Sunday, Eni announced that it had discovered an offshore gas field in Egypt , referred to as the largest in the Mediterranean. According to reports in a statement, the field may have a potential of up to 850 billion cubic meters of gas in place and therefore represent one of the biggest gas finds in the world, located in a residence owned by Eni to 100%. Purchases are also rewarding the associate Saipem (the title), on which Eni has denied media reports about the possibility of a split of the shares held in the capital of that company. But rather to the title of the six-legged dog, the CEO Claudio Descalzi anticipated that the discovery will impact “positively” dividend Eni and along with other “will make the position of Eni in terms of cash flow much more robust than before. “

Arguments:

Eni

Saipem

gas

oil

The Business

Starring: