|Type||Società per azioni|
|Traded as||BIT: ENI, NYSE: E|
|Industry||Oil and gas|
|Founded||February 10, 1953|
|Key people||Giuseppe Recchi (Chairman)
Paolo Scaroni (CEO)
|Revenue||€109.58 billion (2011)|
|Operating income||€17.435 billion (2011)|
|Net income||€6.860 billion (2011)|
|Total assets||€142.94 billion (2011)|
|Total equity||€60.393 billion (2011)|
Eni S.p.A. is an Italian multinational oil and gas company, present in 79 countries, and currently Italy's largest industrial company with a market capitalization of 87,7 billion euros (US$138 billion), as of July 24, 2008. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 2.29% of the shares are held by BNP Paribas group.
The word "ENI" was initially the acronym of "Ente Nazionale Idrocarburi" (national hydrocarbons authority). Through the years after its foundation however, it operated in a large number of fields including contracting, nuclear power, energy, mining, chemicals and plastics, refining/extraction and distribution machinery, hospitality industry and even textile industry and news.
|This section requires expansion. (February 2012)|
Despite initial postwar plans to break up Agip, administrator Enrico Mattei converted it to a state monopoly, renamed Eni. The name derives from the initials of the company's original full title Ente Nazionale Idrocarburi, but is no longer used as an acronym. It was also known as United Refineries at around this time on the odd occasion. The Italian Government authorized its establishment on February 10, 1953 in order to implement a national energy strategy based on the concentration of all the activities in the energy sector into one group. Eni was to supply energy to Italy and contribute to the country's industrial development.
The head of Eni, Mattei, a center left politician, had developed cooperation with communist countries, and the import of oil from the Soviet Union became an important part of Eni's operations. At the same time, Eni was involved in a series of high profile political corruption scandals.
In the 1960s, Eni was to build an oil refinery on Canvey Island, Essex, England, although this never went into construction due to heavy protests.
Exploration & production 
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% of Eni's total crude oil production.
Eni carried out several hydrocarbon discoveries in recent years; the main discoveries were made in: Angola, Brazil, Congo, Egypt, Indonesia, Nigeria, Norway, Pakistan, Scotland, the Gulf of Mexico and Alaska. In 2007, a total of 81 new exploratory wells were drilled (43.5 of which represented Eni's share). Moreover, the company acquired oil and gas assets in the Gulf of Mexico from Dominion Resources and in onshore Congo from Maurel & Prom with total expenditures amounting to €4.52 billion.
Gas & Power 
Natural gas 
Eni operates in the supply, transport, distribution and sale of natural gas. Gas sales reached 99 billion cubic meters in 2007. In June 2008 the company bought a 57% stake in Distrigas, a Belgian company that supplies natural gas to industries, resellers and electricity producers. In March 2009 it bought the remaining 43%.
Power generation 
Eni's electricity generation sites in Italy, as of January 2010, are the following:
- Natural gas power plants
- Brindisi - 1321 MW
- Ferrara - 61 MW
- Ferrera Erbognone - 1030 MW
- Livorno - 199 MW
- Mantova - 836 MW
- Ravenna - 972 MW
- Taranto - 300 MW
- Photovoltaic power plants
- Nettuno - 30 MW
Refining & Marketing 
Eni operates in refining and marketing of petroleum products and it is the leading operator in Italy.
Engineering & Construction 
In April 2012, Eni in collaboration with ZEiTECS announced the world's first offshore rigless/wireline retrievable ESP system for Eni Congo.
Split proposal 
Activist asset manager Knight Vinke, which owns 1% of the outstanding shares of the company, in October 2009 has begun pressing Eni's management to operate a spin off of Eni's gas activities. In its opinion this would solve the undervaluation of the company and release up to 50 billion euros ($70bn) of hidden value.
In 2009, the European Commission filed formal antitrust charges against Eni. The commission believes that Eni has conspired to keep competitors from using its gas pipelines.
In 2009 again, according to the WikiLeaks cables, US ambassador Lanier told Washington that bribery allegations were made in Uganda by Eni which at the time was in competition for oil assets in the country against Tullow Oil. The bribes were taken by the newly appointed Ugandan prime minister, Amama Mbabazi. 
After corruption charges around the subsidiary Saipem, Eni's CFO Alessandro Berninihad to resign and the new CFO Massimo Mondazzi took over in December 2012.
- Polimeri Europa (100% owned) - Polimeri Europa is a petrochemical company that manages the production and marketing of petrochemical products such as olefines, aromatics and intermediates (base chemicals), styrenes, elastomers and polyethylene, being also able to count on a range of proprietary technologies, advanced plant facilities and a broad-based distribution network.
- Saipem (43% owned) - Saipem is an oil and gas industry contractor. Saipem has contracted for engineering, oilfield services and construction both offshore and onshore through several pipelines, including Blue Stream, Greenstream, Nord Stream and South Stream. It is a subsidiary listed on the Italian Stock Exchange.
- Snam (52% owned) - Snam (BIT: SRG) owns Italy's largest natural gas pipeline system and is one of the two LNG operators in Italy.
- Eni UK - carries out operations in the British section of the North Sea, in the Irish Sea and off the coast of the Shetland Islands. Has been present in UK since 1964. In 2006 Eni UK's average net production of hydrocarbons was more than 141,000 boe/d.
- Eni India is expected to start drilling at a deepwater block 2, near Andaman and Nicobar Islands in Q2 of 2011 as it has received 2 year extension for the completion of drilling program. The program was delayed due to various environmental issues and scarcity of oil rigs. ENI India had won this block in 2005 and partners with ONGC and GAIL India.
See also 
- "Annual Report 2010". Eni. Retrieved 30 April 2011.
- "Complete Financial Data on the Security ENI - Borsa Italiana". Retrieved 2008-07-25.
- "Corporate Governance and Shareholding Structure Report 2011,as approved by Eni board of directors on March 15, 2012". Retrieved 2012-04-29.
- "Exploration & Production". Eni. Retrieved 2012-06-08.
- "Eni, Occidental Petroleum and KOGAS sign the technical service contract with Iraq's South Oil Company and Missan Oil Company to redevelop Zubair field". Eni. 22 Jan 2010.
- "Publigas, Eni reach agreement on Distrigas sale". Forbes. 2008-06-26. Retrieved 2008-07-25.
- "Eni completes the acquisition of Distrigas" (Press release). Eni. May 6, 2009. Retrieved 7 January 2010.
- "Eni enters European shale play". Upstream Online (NHST Media Group). 2010-12-10. Retrieved 2010-12-11.
- "Gas & Power". Eni. 2011-11-29. Retrieved 2012-06-08.
- "Refining & Marketing". Eni. 2011-11-29. Retrieved 2012-06-08.
- "Engineering & Construction". Eni. Retrieved 2012-06-08.
- "Eni and ZEiTECS Install Eni Congo’s First Rigless Retrievable ESP System". BrightWire.
- "Letter to Eni CEO". Knight Vinke Asset Management. Retrieved 23 January 2010.
- The Putin and Pals Project. Kommersant. Dec. 24, 2005
- EU hits Italian energy group ENI with antitrust charges
- "Uganda names bribes-claim minister new PM". Reuters. 2011-05-24.
- Bond Market Debut for New Eni CFO Mondazzi CFO Insight Magazine, January 2013
- "Eni starts production at the Blane oil field offshore UK". Milan: Eni. 2007-09-12. Retrieved 2010-04-19.
- "ENI India to start drilling in Q2 of 2011". Kolkata: The Economic Times. 2010-10-26. Retrieved 2010-10-26.
- (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
- (en) Pier Paolo Pasolini, Petrolio, various
- (it) Nico Perrone, Enrico Mattei, Bologna, Il mulino, 2001 ISBN 88-15-07913-0