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Eni lowers growth target

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Eni lowers growth target

Eni lowers growth target
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The Italian oil and gas group Eni has lowered expectations for production growth.

It said investors would have to wait until 2011 to see any growth in output or dividends.

Eni, which is the world’s seventh-biggest listed oil company, now anticipates production expanding annually by an average of more than 2.5 percent over the next three year.

Its previous target was 3.5 percent.