Eni
- For the Anglo-Saxon monarch, see Eni of East Anglia.
| ENI S.p.A. logo | |
| Company type | Public (NYSE: E, BIT: ENI) |
|---|---|
| Industry | Oil and gas |
| Founded | 1953 |
| Headquarters |  Rome, Italy |
Key people | Roberto Poli Chairman Paolo Scaroni C.E.O. |
| Products | Petroleum, Natural gas, Energy |
| Revenue |  €113.3 billion (2005) |
4,771,000,000 Euro (2023)  | |
Number of employees | 72,258 (2005) |
| Subsidiaries | Agip, Saipem , AGI |
| Website | www.eni.it |
Eni S.p.A. (NYSE: E, BIT: ENI) 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.
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 933,000 barrels per day (148,300 m3/d), 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
External links
- "Eni corporate website" (in Italian).