Italy’s Eni says output from Egypt’s key Zohr field is currently capped “in the range of 2.3-2.4 [bn cfd],” well shy of “current production potential” of 2.7bn cfd.

Speaking on his firm’s Q3 earnings call on 25 October, CFO Massimo Mondazzi adds that “we expect that even in the fourth quarter the production will remain largely the same because of the oversupply that we see today in the market.” (CONTINUED - 1137 WORDS)