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Eni cuts costs, but boosts Egyptian focus

ITALIAN major Eni has joined in the oil patch's cost-cutting crusade, promising to reduce investm...

Haydn Black

Eni, which expects oil prices to bounce back to $US80-90 per barrel by 2018, has also become the first major oiler in the world to cut its dividend payments - by 28% - and it will reduce its share buyback...

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