MILAN--Eni SpA (ENI, E) Chief Executive Paolo Scaroni says he
doesn't expect any oil producer to alter its investments because of
the latest price of oil, Italian newspaper la Repubblic reports
Friday.
"As long as the price of oil stays within the range of $70 to
$100 a barrel, and I'm referring to the Brent, nobody will change
their investment strategy," he is quoted as saying in an interview
with the newspaper.
"We (Eni) are ready to put up with prices far below the current
ones," he says.
"In general terms, I consider these (price) drops positive," he
adds. "The global economy won't be able to recover with much
conviction if oil prices are too high."
At 0907 GMT August Brent crude was up 56 cents (up 0.6%) at
$97.73.
Newspaper website: www.repubblica.it
-Milan Bureau, Dow Jones Newswires; +39 02 5821 9901