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Kashagan Extractions to Start by 2012, Eni’s Descalzi Tells Sole

Extractions at the Kashagan field will start at the end of 2012 or in the following months at the latest, Claudio Descalzi, head of exploration and production for Eni SpA (ENI) told Il Sole 24 Ore in an interview.

Italy’s biggest energy company “won’t do an about-face,” he told the newspaper, adding that Eni’s expectations about profitability of the field “are more than positive.”

To contact the reporter on this story: Francesca Cinelli in Milan at fcinelli@bloomberg.net.

To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net

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