A challenging geopolitical environment has created no shortage of problems for ENI, Italy’s largest company and one of the world’s biggest oil and gas multinationals. Between the collapse in crude oil prices, which were largely responsible for the company reporting a $9.7 billion loss last year, and the increasing political tension in many of the key countries in which it operates—particularly Libya, where about 20% of the company’s production takes place—investor confidence continues to be shaky.
News about ENI
They deny making illicit payments for drilling rights
As Iran ramps up production, it will be countered by a decrease in activity in places where oil is more expensive to produce.