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Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four years

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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Claudio Descalzi, CEO of Eni Group, Italy's largest oil group, said it would invest 7 billion euros in domestic business activities
over the next four years.

Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four years

Descalzi told investors that €1 billion of the investment will be used to reduce its carbon footprint, including the conversion of a total of about 3 million hectares of decommissioned areas belonging to Eni (mainly in southern Italy) into solar energy
.

Descalzi also stressed that it will convert refineries in Venice and Gragha into "green refineries" to convert waste into biodiesel, which will reach 1 million tons
per year by 2021.

Eni said its oil and gas production rose 4 percent year-on-year in the first quarter of 2018, compared with 1.
795 billion barrels
of natural gas and oil equivalent in the same period last year.

，

Claudio Descalzi, CEO of Eni Group, Italy's largest oil group, said it would invest 7 billion euros in domestic business activities
over the next four years.

petroleum

Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four years

Descalzi also stressed that it will convert refineries in Venice and Gragha into "green refineries" to convert waste into biodiesel, which will reach 1 million tons
per year by 2021.

Eni said its oil and gas production rose 4 percent year-on-year in the first quarter of 2018, compared with 1.
795 billion barrels
of natural gas and oil equivalent in the same period last year.

，

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