ENI: Black Sea Drilling Continues, Legal Situation Being Monitored
January 25 2018 - 8:04AM
Dow Jones News
By Carlo Martuscelli
ENI SpA (ENI.MI) said Wednesday that drilling at an offshore
Black Sea project was continuing, but that the company was
monitoring the legal situation in the U.S. related to recently
imposed sanctions on Russian business.
ENI's statement came after the Italian energy company's Chairman
Emma Marcegaglia, on a panel at the World Economic Forum in Davos,
Switzerland on Wednesday, said that drilling had been
suspended.
The company then clarified that drilling--which is being carried
out with Rosneft Oil Co. (ROSN.MZ)--is continuing, but that ENI
monitoring its activity to make sure it is in compliance with
existing sanctions.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
January 25, 2018 07:49 ET (12:49 GMT)
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