Eni CEO, Claudio Descalzi, announced that the Italian group plans to reduce oil production in Libya, according to the Lybia Observer.

Eni’s oil production in Libya will be reduced from 320,000 barrels per day (b/d) to 200,000 b/d, Descalzi stated during a presentation of Eni’s plans for the three years of 2018-2022 at the International Petroleum Week in London.

Descalzi added that over the last eight years it was not possible to start new projects in Libya, noting that Eni has no plans to leave the country.