BRIEF-Eni CEO says Zohr spend displacing other investments

viernes 26 de febrero de 2016 10:41 GYT

Feb 26 (Reuters) - Eni conference call on fourth-quarter results:

* CEO says spending on Egypt's Zohr gas field to displace some project investments; sees delay in projects in Iraq, Venezuela as well as non-operated projects in Indonesia, Norway

* CEO says situation in Libya is improving compared to a year ago and is much better, Eni facilities not touched by violence

* CEO says in near term the focus is on enhancing value of gas and power retail business, not selling it

* CFO says acquisitions not needed to meet production growth targets

* Executive says in final stages of binding sales agreement with BP for LNG from Mozambique Coral field, will be 20-year contract Further company coverage: (Reporting by Milan newsroom)