Analysis of Eni
Eni is an Italian listed company active in the energy supply industry, whose original goal was to supply energy to Italy and consequently contribute to the country's industrial development after the II World War. Key values are sustainability, culture, partnership, innovation and efficiency.
HISTORY
On February the 10th 1953 Eni, Ente Nazionale Idrocarburi, was established with Enrico Mattei as the first Chairman. Through the law of 1953 Eni, that was a public company held by the Italian government, became the monopolist in research and production of hydrocarbons in Italy. It had the control of Agip, Anic and Snam and then it acquired also Lanerossi, a textile industry, and some chemical and engineering industries like SIR, Liquichimica, Nuovo Pignone, that would have been fundamental in future non-oil activities. During the late 50’s and the 60’s Eni signed agreements and joint ventures with many European and extra-European governments for setting facilities and importing natural gas. Among them there were Iran, Libya, Ethiopia, Somalia and URSS.
In 1971 Eni together with URSS and Netherlands decided to construct a gas pipeline to transport natural gas in Italy from the two states. Agip developed a new technology: floating platforms offshore Congo. During the 1973-74 oil crisis, Eni had the opportunity to face the oil embargo adequately identifying natural gas as an alternative energy source. In the same years, Agip acquired Shell’s network of distributors in Italy. During the 80’s Eni’s aim to create a unique chemical company was achieved by the foundation of Enimont (1989).
On July the 11th 1992 Eni, undergoing to a privatization process, became a stock company; but the Italian government still maintained its power according to the principle of the Golden share.
In the 90’s the company signed agreements for oil exploration in Algeria, Kazakhstan, China, Angola, Russia, Azerbaijan (Caspian sea), Nigeria, Egypt. In 1998 Eni incorporated Agip thus
HISTORY
On February the 10th 1953 Eni, Ente Nazionale Idrocarburi, was established with Enrico Mattei as the first Chairman. Through the law of 1953 Eni, that was a public company held by the Italian government, became the monopolist in research and production of hydrocarbons in Italy. It had the control of Agip, Anic and Snam and then it acquired also Lanerossi, a textile industry, and some chemical and engineering industries like SIR, Liquichimica, Nuovo Pignone, that would have been fundamental in future non-oil activities. During the late 50’s and the 60’s Eni signed agreements and joint ventures with many European and extra-European governments for setting facilities and importing natural gas. Among them there were Iran, Libya, Ethiopia, Somalia and URSS.
In 1971 Eni together with URSS and Netherlands decided to construct a gas pipeline to transport natural gas in Italy from the two states. Agip developed a new technology: floating platforms offshore Congo. During the 1973-74 oil crisis, Eni had the opportunity to face the oil embargo adequately identifying natural gas as an alternative energy source. In the same years, Agip acquired Shell’s network of distributors in Italy. During the 80’s Eni’s aim to create a unique chemical company was achieved by the foundation of Enimont (1989).
On July the 11th 1992 Eni, undergoing to a privatization process, became a stock company; but the Italian government still maintained its power according to the principle of the Golden share.
In the 90’s the company signed agreements for oil exploration in Algeria, Kazakhstan, China, Angola, Russia, Azerbaijan (Caspian sea), Nigeria, Egypt. In 1998 Eni incorporated Agip thus