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:''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 € 98 billion euros (US $131 billion) as of February 2007. It was recently privatized, the first 14.7 percent being sold to the public for $4.1 billion in 1995.

Contents

History

Operations

Bibliography

External links

History

Eni was founded in 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.

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 933,000 barrels per day, Eni is Europe's third largest refiner. Its crude oil production comes primarily from Libya, 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

External links

★ Eni corporate website

★ Eni from Yahoo! finance