Oil giant Eni SpA (E) expects its 2009 earnings before interest and taxes to be over EUR12 billion and adjusted net profit to be EUR5 billion, assuming an exchange rate of EUR1.30 against the dollar and oil prices at $50 a barrel, financial daily Il Sole 24 Ore reports Sunday.
Eni Chief Executive Paolo Scaroni expects the company to grow more than other global peers in terms of hydrocarbon output, the paper says.
Eni reported a 2008 adjusted net profit of EUR10.2 billion.
Scaroni said that works at Kazakhstan's largest oil field Kashagan "proceed according to plans" with production slated to begin in Septebmer 2012, starting with a production of 300,000 barrels a day and a production capacity of 370,000 barrels a day expected in 2014.