Eni says will complete transformation of Refining & Marketing in four years
Eni will complete within four years the transformation process of the Refining & Marketing segment, bringing operating cash flow to breakeven as early as 2015, the company said in a March statement.
The company said that the transformation involves “the completion of the rationalization and reconversion process of facilities in Italy and abroad with a further 20% reduction in refining capacity, in addition to the 30% reduction already achieved”.
It will also work toward the “development of marketing activities and the rationalization of the portfolio in Italy and abroad."
