Eni Needs 6 to 18 Months to Restart Libyan Field Output, CEO Scaroni Says

Eni SpA (ENI) Chief Executive Officer Paolo Scaroni said the company’s priority in Libya is increasing natural gas production as it will take between six and 18 months to restart oil output.

Scaroni wants to boost gas production before the winter hits in Italy, a country that gets much of its natural gas supply from Libya.

“Before I go to bed at night, the last thing that I think about are Italian gas supplies for winter,” Scaroni said after meeting Libyan Transitional Council Prime Minister Mahmoud Jibril in Milan.

Eni will begin supplying the council with gasoline and diesel fuel in the coming days that would eventually be paid for with crude oil, Scaroni said.

Eni, the biggest foreign investor in Libya, saw most of its prodcution halted by the six-month conflict to oust Muammar Qaddafi.

To contact the reporter on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.