Eni Totally Explained

Everything about Eni totally explained

ť For the Anglo-Saxon monarch, see Eni of East Anglia.

Eni S.p.A. () is an Italian multinational oil and gas company, with a presence in 70 countries, currently Italy's largest industrial company, with a market capitalization of € 100 billion euros (US $160 billion) as of April 2007. It was recently privatized, the first 14.7 percent being sold to the public for $4.1 billion in 1995.

History

Eni was founded on February 10, 1953 by the Italian government to promote and develop a national energy strategy based on the concentration of all the activities in the energy sector into one group. The name derives from the initials of the company's original full title Ente Nazionale Idrocarburi, but is no longer used as an acronym. Eni was led for many years by Enrico Mattei. Eni also owns the Agenzia Giornalistica Italia (AGI), one of the main Italian news agencies. In the 1980s, Eni employee Ottavio Quattrocchi was named as a key player in the Indian army howitzer purchase bribery case, the Bofors scandal. Eni became a joint-stock corporation in 1992 as part of a government directed privatization program, and shares were listed on the Borsa Italiana and New York Stock Exchange in 1995. In 2002, Eni acquired full control of Italgas, Italy's leading gas distributor. During 2007, Eni purchased 50% of the gas operations of Spain's Unión Fenosa.

Operations

Eni's businesses include:

Gasoline and diesel (mostly under the Agip brand)
Natural gas (mostly under the Italgas brand)
Electricity generation (Enipower)
Engineering and construction (Snamprogetti and Saipem) - Eni currently owns approximately 43% of Saipem.
Petrochemical business (Polimeri Europa)
Financial Services (Sofid)
Offshore Engineering (Tecnomare)

Its activities include exploration, extraction, refining and marketing fuels and energy; the company had sales of 77.0 billion Euro in 2005.
With its refining capacity of, Eni is Europe's third largest refiner. Its crude oil production comes primarily from Libya (see Bouri Field), Egypt, Nigeria, the Congo, the North Sea, and Angola, with smaller amounts of crude oil production in Tunisia and in the United States. Eni's China production began in 1992, although it currently amounts to only 1 percent of Eni's total crude oil production.

Bibliography

(en) Marcello Boldrini, Mattei, Rome, Colombo, 1969

(it) Marcello Colitti, Energia e sviluppo in Italia, Bari, De Donato, 1979

(en) Paul H. Frankel, Oil and Power Policy, New York - Washington, Praeger, 1966

(it) Nico Perrone, Enrico Mattei, Bologna, Il mulino, 2001 ISBN 8-81507-913-0

Further Information

Get more info on 'Eni'.

External Link Exchanges

Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:

<a href="http://eni.totallyexplained.com">Eni Totally Explained</a>

Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned.