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Eni was founded on February 10, 1953, under the legal name Ente nazionale idrocarburi.
Answer: True
Eni was established on February 10, 1953, with its initial legal designation being Ente nazionale idrocarburi, which translates to 'National Hydrocarbons Board'.
Agip was founded after Eni S.p.A. was established, serving as a subsidiary for its international operations.
Answer: False
Agip, established in 1926 with the objective of exploring for and commercializing oil and its derivatives, predates Eni S.p.A. Eni was founded in 1953, effectively emerging from the existing structure that included Agip.
Enrico Mattei was appointed Eni's chairman in March 1953 and is credited with shaping its early international strategy.
Answer: True
Enrico Mattei assumed the chairmanship of Eni in March 1953. He is widely recognized for his pivotal role in defining the company's foundational international strategy, particularly in its dealings with oil-producing nations.
Enrico Mattei died in a plane crash in 1962, which was officially ruled an accident with no further investigation.
Answer: False
Enrico Mattei died in a plane explosion near Bascapè on October 27, 1962. While initially classified as an accident, subsequent investigations and legal proceedings suggested the possibility of foul play, indicating it was not definitively ruled an accident with no further investigation.
What was the former legal name of Eni S.p.A. upon its founding?
Answer: Ente Nazionale Idrocarburi
Upon its establishment in 1953, Eni S.p.A. was legally known as Ente Nazionale Idrocarburi.
Who is considered a key founder of Eni and served as its chairman from March 1953?
Answer: Enrico Mattei
Enrico Mattei was appointed as Eni's chairman in March 1953 and is recognized as a principal founder, instrumental in shaping the company's early international strategy.
What was the suspected cause of Enrico Mattei's death in 1962, according to later investigations?
Answer: Murder, potentially linked to protecting economic interests.
While Enrico Mattei's death in a 1962 plane crash was initially ruled an accident, later investigations and trial records suggested it may have been a murder, potentially connected to the protection of economic and political interests.
What was the primary purpose of Agip when it was founded in 1926?
Answer: To explore for and commercialize oil and its derivatives.
Agip was established in 1926 with the fundamental objective of exploring for and commercializing oil and its related derivatives.
Eni S.p.A. is an Italian multinational energy company primarily focused on the oil and gas sector.
Answer: True
Eni S.p.A. is a prominent Italian multinational energy company, headquartered in Rome, with core operations centered on the oil and gas sector. It is recognized as one of the global 'supermajor' oil companies.
The Italian government holds a majority stake of over 50% in Eni S.p.A.
Answer: False
The Italian government holds a significant stake, referred to as a 'golden share,' amounting to 30.5% of Eni S.p.A. This stake is divided between direct ownership by the Ministry of Economy and Finance (1.99%) and indirect ownership via Cassa Depositi e Prestiti (28.5%).
Eni's shares are exclusively traded on the New York Stock Exchange under the ticker symbol E.
Answer: False
Eni's shares are traded on multiple exchanges, including the Borsa Italiana (BIT) under the ticker symbol ENI and the New York Stock Exchange (NYSE) under the ticker symbol E. It is also a component of the Euro Stoxx 50 stock market index.
Eni became a joint-stock company in 1995 and was listed on stock exchanges in 1992.
Answer: False
Eni transitioned to a joint-stock company by legal decree in 1992. Subsequently, it was listed on both the Italian and New York Stock Exchanges in 1995.
Between 1995 and 1998, Eni sold approximately 70% of its capital assets to private shareholders through share offers.
Answer: True
During the period spanning 1995 to 1998, Eni successfully executed four share offerings, resulting in the divestment of approximately 70% of its capital assets to private shareholders.
Which stock exchange is NOT listed as a place where Eni is traded?
Answer: London Stock Exchange (LSE)
Eni's shares are traded on the Borsa Italiana (BIT) and the New York Stock Exchange (NYSE), and it is a component of the Euro Stoxx 50 index. The London Stock Exchange (LSE) is not listed as a trading venue for Eni.
When did Eni become a joint-stock company and subsequently get listed on major stock exchanges?
Answer: Became joint-stock in 1992, listed in 1995
Eni transitioned to a joint-stock company in 1992 and was subsequently listed on the Italian and New York Stock Exchanges in 1995.
The "Mattei formula" involved Eni taking full ownership of exploration rights without involving local governments.
Answer: False
The 'Mattei formula,' pioneered by Enrico Mattei, was characterized by establishing joint ventures with oil-producing countries, granting them an active and equal role in exploration and production, rather than Eni taking full ownership.
Eni signed a significant agreement with the Soviet Union in 1960 to import Russian crude oil at high prices.
Answer: False
During the Cold War, Eni entered into a significant agreement with the Soviet Union in 1960 to import Russian crude oil, notably at favorable, low prices.
The 1973 Yom Kippur War and subsequent OPEC embargo led Eni to reduce its international market activities.
Answer: False
The oil crisis following the 1973 Yom Kippur War and the OPEC embargo prompted Eni to consolidate and strengthen its international market position, rather than reduce its activities. This period saw the company signing new strategic agreements, such as one for natural gas supply.
Eni planned a major pipeline network across Europe and the Mediterranean in the mid-1970s to transport natural gas.
Answer: True
During the mid-1970s, Eni undertook significant infrastructure planning for a vast pipeline network designed to transport natural gas across Europe and the Mediterranean region.
Eni was a sole partner with Gazprom in the Blue Stream pipeline project.
Answer: False
Eni was a joint venture partner with Gazprom in the Blue Stream pipeline project, which was inaugurated in 2005 to supply Russian gas to Turkey. It was not a sole partnership.
In response to the 2022 Russian invasion of Ukraine, Eni ceased all payments for Russian gas supplies.
Answer: False
In response to the 2022 Russian invasion of Ukraine, Eni established procedures in May 2022 to create accounts with Gazprombank in dual currency (euro and rubles) to facilitate payments for Russian gas supplies, following contract amendments mandated by the Russian Federation. This action was taken in consultation with the Italian government and was confirmed not to violate existing sanctions.
What was the "Mattei formula" primarily characterized by?
Answer: Joint ventures with oil-producing countries, giving them an equal role.
The 'Mattei formula' was Eni's strategic approach of establishing joint ventures with oil-producing nations, ensuring these countries played an active and equal role in exploration and production activities.
Which country did Eni sign an agreement with in 1960 to import crude oil at low prices during the Cold War?
Answer: Soviet Union
In 1960, during the Cold War, Eni signed an agreement with the Soviet Union to import crude oil at notably low prices.
How did the 1973 oil crisis influence Eni's strategy?
Answer: Eni sought to consolidate its international market position by signing new agreements.
The oil crisis of 1973 and the subsequent OPEC embargo prompted Eni to reinforce its international market standing by entering into new agreements, such as securing natural gas supplies.
The Trans-Mediterranean Pipeline, significant for Eni, connects which two regions?
Answer: Algeria to Sicily via Tunisia
The Trans-Mediterranean Pipeline facilitates the transport of natural gas from Algeria to Sicily, traversing Tunisia.
What agreement did Eni sign with Libya related to the Bouri oilfield?
Answer: An agreement for the exploitation of the Bouri oilfield.
Eni secured an agreement with Libya for the exploitation of the Bouri oilfield, which is noted as the largest in the central Mediterranean.
Historically, Eni's operations have been strictly limited to oil and gas exploration and production.
Answer: False
Throughout its history, Eni has engaged in a diverse range of sectors beyond oil and gas exploration and production, including contracting, chemicals and plastics, refining and extraction machinery, nuclear power, hospitality, and even the textile industry and news media.
Eni's six-legged dog logo represents a mythical creature symbolizing the company's commitment to environmental protection.
Answer: False
Eni's distinctive six-legged dog logo, adopted in 1952, symbolizes the sum of a car's four wheels and its driver's two legs, representing mobility and power. It is not directly linked to environmental protection symbolism.
Following the 1998 oil price collapse, Eni focused solely on domestic restructuring and abandoned international exploration.
Answer: False
In response to the 1998 oil price collapse, Eni, in line with industry trends, pursued strategies such as mergers, international acquisitions, and continued exploration efforts, adapting to market dynamics rather than abandoning international activities.
Eni's "Progetto Italia," launched in 2016, focuses on acquiring stakes in foreign renewable energy companies.
Answer: False
Launched in 2016, Eni's "Progetto Italia" is an initiative primarily focused on the redevelopment of its own industrial areas and the establishment of new renewable energy production plants within Italy.
Eni has converted its conventional refineries into biorefineries, starting with a plant in Gela in 2014.
Answer: False
Eni has been converting its conventional refineries into biorefineries, but the initial conversion occurred at the Porto Marghera plant in 2014, followed by the Gela plant in 2019.
Eni's HPC supercomputers are primarily used for financial modeling and corporate administration.
Answer: False
Eni's High-Performance Computing (HPC) supercomputers, such as HPC4 and HPC5, are primarily utilized to enhance the speed and effectiveness of oil and gas reservoir exploration, rather than for financial modeling or corporate administration.
Eni has invested in fusion research, partnering with the Massachusetts Institute of Technology (MIT) since 2018.
Answer: True
Eni has made significant investments in fusion research, establishing a partnership with the Massachusetts Institute of Technology (MIT) starting in March 2018. This collaboration involves funding research projects at MIT's Plasma Science and Fusion Center and investing in Commonwealth Fusion Systems (CFS), an MIT spin-out.
Versalis, a key Eni subsidiary, focuses exclusively on oil and gas exploration and production.
Answer: False
Versalis, Eni's wholly-owned chemical company, specializes in the production and marketing of petrochemical products such as olefins, aromatics, base chemicals, styrenes, elastomers, and polyethylene. It also actively engages in green chemistry initiatives.
According to the source, what does Eni's six-legged dog logo symbolize?
Answer: The sum of a car's four wheels and its driver's two legs, representing mobility and power.
Eni's iconic six-legged dog logo symbolizes the combination of a car's four wheels and its driver's two legs, representing concepts of mobility and power.
What initiative did Eni launch in 2016 aimed at redeveloping its industrial areas?
Answer: Progetto Italia
In 2016, Eni initiated 'Progetto Italia,' a strategic program focused on the redevelopment of its industrial sites and the establishment of new renewable energy production facilities.
Which of Eni's conventional refineries was converted into a biorefinery first, in 2014?
Answer: Porto Marghera
Eni's first conventional refinery to be converted into a biorefinery was the plant located in Porto Marghera, which underwent this transformation in 2014.
What is the primary purpose of Eni's HPC supercomputers, like HPC4 and HPC5?
Answer: Facilitating faster and more effective exploration of oil and gas reservoirs.
Eni's HPC supercomputers are engineered to accelerate and enhance the efficiency of oil and gas reservoir exploration processes.
Eni partnered with which institution starting in March 2018 to fund fusion research projects?
Answer: Massachusetts Institute of Technology (MIT)
Since March 2018, Eni has collaborated with the Massachusetts Institute of Technology (MIT) to fund fusion research initiatives, including investments in MIT's Plasma Science and Fusion Center and its spin-out, Commonwealth Fusion Systems.
Which Eni subsidiary is described as its wholly-owned chemical company managing petrochemical products?
Answer: Versalis
Versalis is Eni's wholly-owned subsidiary dedicated to the chemical sector, managing the production and marketing of a wide range of petrochemical products.
Which of the following is listed as an Eni power generation site in Italy?
Answer: Taranto
Eni operates power generation sites in various locations across Italy, including Taranto, Bolgiano, Brindisi, Ferrara, Mantua, Ravenna, and Livorno.
What role does Enilive play within the Eni group?
Answer: Sustainable mobility and the supply of decarbonized services and products.
Enilive, formerly known as Eni Sustainable Mobility SpA, operates within the Eni group with a focus on advancing sustainable mobility and providing decarbonized services and products.
What capability does Eni's HPC6 supercomputer possess, according to its November 2024 launch details?
Answer: It is the most powerful in Europe and fifth most powerful globally.
Launched in November 2024, Eni's HPC6 supercomputer holds the distinction of being the most powerful in Europe and ranks as the fifth most powerful globally, capable of performing over 600 million billion complex mathematical operations per second.
Which of the following was NOT listed as a diverse field Eni operated in historically?
Answer: Telecommunications
Historically, Eni's diverse operations have included sectors such as nuclear power, the textile industry, and refining and extraction machinery, but telecommunications is not listed among these varied fields.
Eni began developing the Kashagan oilfield, a major offshore discovery in the Caspian Sea, starting in the year 2000.
Answer: True
Commencing in the year 2000, Eni initiated the development of the Kashagan oilfield, a significant offshore discovery situated in the Caspian Sea.
Eni announced significant natural gas discoveries in an offshore area in northern Mozambique (Area 4) between 2011 and 2012.
Answer: True
Between 2011 and 2012, Eni reported substantial natural gas discoveries within Area 4, an offshore block located in northern Mozambique. These discoveries included fields such as Mamba South, Mamba North, Mamba North East, and Coral 1.
Eni announced the discovery of a massive gasfield off the coast of Egypt in August 2015.
Answer: True
In August 2015, Eni reported the discovery of a substantial gasfield located offshore Egypt.
Eni holds a significant stake in Qatar's North Field East expansion project, the world's largest LNG project.
Answer: True
Eni holds a 3.125% stake in Qatar's North Field East expansion project, which is recognized as the world's largest LNG project. This joint venture was established with QatarEnergy in June 2022.
Eni made significant natural gas discoveries between 2011 and 2012 in which country's offshore area?
Answer: Mozambique
Between 2011 and 2012, Eni announced substantial natural gas discoveries in the offshore Area 4 block located in northern Mozambique.
In its joint venture for Qatar's North Field East expansion, what stake does Eni hold?
Answer: 3.125%
Eni holds a 3.125% stake in the Qatar North Field East expansion project, a joint venture established with QatarEnergy in June 2022.
In 2022, Eni ranked 111th on both the Fortune Global 500 and the Forbes Global 2000 lists.
Answer: True
In 2022, Eni achieved a ranking of 111th on the Fortune Global 500 list and also secured the 111th position on the Forbes Global 2000 list. It was notably the third-largest Italian company on the Fortune list and the second largest on the Forbes list that year.
What was Eni's reported hydrocarbon production in 2022?
Answer: 1,610 kboe/d
In 2022, Eni reported its hydrocarbon production figures to be 1,610 thousand barrels of oil equivalent per day (kboe/d).
What was Eni's market share in refining and marketing in Switzerland in 2019?
Answer: 7.7%
In 2019, Eni held a market share of 7.7% in refining and marketing operations within Switzerland.
Who purchased Neptune Energy's Norwegian assets as part of Eni's larger acquisition of Neptune Energy in January 2024?
Answer: Vår Energi
As part of Eni's broader acquisition of Neptune Energy in January 2024, Neptune Energy's Norwegian assets were purchased by Vår Energi, a subsidiary of Eni.
What is the reported net income for Eni in 2024?
Answer: €2.62 billion
Eni reported a net income of €2.62 billion for the fiscal year 2024.
In March 2021, Eni exited which market by selling its assets?
Answer: Pakistan
In March 2021, Eni completed its exit from the Pakistani market through the sale of its assets to Prime International Oil & Gas Company.
Eni and Royal Dutch Shell were acquitted in an Italian court regarding corruption allegations linked to the 2011 purchase of Nigeria's OPL 245 oil field.
Answer: True
In March 2021, an Italian court acquitted Eni, its CEO Claudio Descalzi, and Shell of corruption allegations related to the 2011 purchase of Nigeria's OPL 245 oil field. These allegations involved claims of $1.3 billion in bribes. The acquittals were finalized in July 2022.
Eni and Royal Dutch Shell faced trial over allegations of corruption related to the purchase of which Nigerian oil field?
Answer: OPL 245
Eni and Royal Dutch Shell were involved in a trial concerning corruption allegations linked to their 2011 acquisition of the OPL 245 oil field in Nigeria.
In which year did the European Commission file formal antitrust charges against Eni concerning gas pipeline access?
Answer: 2009
The European Commission initiated formal antitrust proceedings against Eni in 2009, alleging that the company had obstructed competitors' access to its gas pipelines.