Eni Plans Deeper Cost Cuts, Asset Sales to Weather Oil Plunge

  • Company targets 7 billion euros in new disposals by 2019
  • Sees production rising 13% by 2019; dividend confirmed

Eni SpA, Italy’s largest oil producer, plans additional asset sales valued at 7 billion euros ($7.9 billion) by 2019 and deeper cost cuts as it seeks to offset the impact of the plunge in oil prices.

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