Eni SPA, the Italian ‘Oil Major’ growing stronger in Exploration and Reserve replacement

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It has operations in 79 countries, and is currently world’s 11th largest industrial company with a market capitalization of 68 billion euros (US$ 90 billion), as of August 14, 2013.

The Italian government owns a 30.303% golden share in the company, 3.934% held through the state Treasury and 26.369% held through the Cassa Depositi e Prestiti. Another 2.012% of the shares are held by People’s Bank of China.

The company is a component of the Euro Stoxx 50 stock market index.[4]

The name “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.

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