Director of Eni: In Libya We Chose Organic Growth, Fear no Competition.

Brussels, 6 December 2017(Lana) The CEO of the Italian Energy Group Eni Claudio Descalzi said the group was not concerned by activities of its rival French 'Total' in Libya, noting that Eni has settled on 'organic growth', production increase, instead of integration and acquisition. Responding to a question at a seminar held her on relations between the EU and Africa, Descalzi said competition always existed, we were born like dwarfs versus giants, but we managed to overcome competition all over the world, and certainly it did not concern us especially in Libya. 'Our group has chosen the 'organic growth' track, which means exploration, others chose acquisition, so they are quite different tracks, and by choosing the organic growth we were faced with few rivals in the last 7 to 8 years, he said. =Lana=