Eni Records 7% Increase In Fourth Quarter Oil Output

Italian major ENI reported that its average oil and gas output for the fourth quarter of 2012 averaged 1.75 million barrels of oil equivalent per day, in line with expectations.The figure was a seven per cent improvement over fourth quarter 2011 and a 3.6 percent improvement over the previous quarter.ENI confirmed that it had made a record amount of discovered resources during the year, with 3.64