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Oil Market
1998
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Pagna Successiva (2)

October

10/31/1998 | Oil Market |

CRUDE COST FALLS 26.4% IN FIRST HALF OF '98, REFINERY PRODUCTION UP 6.5%

In the first six months of 1998, the Cif (cost insurance freight) cost of crude imported into Italy amounted to 176,100 lira per ton, according to the Unione Petrolifera's estimate, a decrease of 26.4% compared to the same period of 1997.
The decrease is linked in part to lower costs at the sou ...


10/31/1998 | Oil Market |

PO VALLEY EXPLORATION: THE MOMENT OF TRUTH APPROACHES

The deadline is set for the end of the year. At that time, in observance of a 1996 legislative decree liberalizing hydrocarbon exploration in Italy – which opened the Po Valley to all operators – the Industry Ministry will give notice (through a communiqué in the Bollettino degli Idrocarburi and in ...


10/31/1998 | Oil Market |

THE ITALIAN ANOMALY

Italy seems to be an exception to the rule governing the international oil market. The turbulent restructuring through mergers, joint-ventures, and swaps of plants and shares of recent months has barely touched the country.
It's true that the Mobil-BP joint-venture had some slight effect here ...


10/31/1998 | Oil Market |

GOVERNMENT AND BASILICATA REGION SIGN AGREEMENT FOR THE VAL D'AGRI

The long negotiations on the Val D'Agri hydrocarbon resources have reached their final phase. On Oct. 7, the then premier, Romano Prodi, and the president of the Basilicata regional council, Raffaele Dinardo, signed a protocol which outlines the criteria for activity in the area, including a governm ...


10/30/1998 | Oil Market |

GOVERNMENT AND BASILICATA REGION SIGN AGREEMENT FOR THE VAL D'AGRI

The long negotiations on the Val D'Agri hydrocarbon resources have reached their final phase. On Oct. 7, the then premier, Romano Prodi, and the president of the Basilicata regional council, Raffaele Dinardo, signed a protocol which outlines the criteria for activity in the area, including a governm ...


August

08/31/1998 | Oil Market |

CONSTANTSA-TRIESTE PIPELINE NEARER AFTER MEETING

On July 7, Italian premier Romano Prodi met his Romanian counterpart, Radu Vasile, in Rome. Among topics discussed was the building of an oil pipeline to connect the Romanian port of Constantsa to Trieste (see Staffetta News of April).
The purpose of the project, elaborated by Eni, is to transport Caspian crude to European markets. According t ...


08/31/1998 | Oil Market |

CIF CRUDE DOWN 26% FIRST FIVE MONTHS OF 1998, REFINING UP

The Cif cost of imported crude in the first five months of the year amounted, according to the Italian association of oil industries (Unione Petrolifera), to 180,600 lira a ton, a drop of 26% compared to the same period of 1997; in the first four months the fall had been 26.5%. The drop partly refle ...


July

07/31/1998 | Oil Market |

FUELS AND THE ENVIRONMENT: A VIABLE MIX?

Rome convention on EU Auto-Oil Program

At the request of the Italian Office of the European Parliament, a meeting concerning the topic “Gasoline and the environment: a viable mix?” was held on June 1 in Rome. The meeting served as occasion for a lively debate on the European Union directives which came out of the Auto-Oil Program, and on ...


07/31/1998 | Oil Market |

AGREEMENT REACHED FOR OIL EXPLOITATION IN THE VAL D'AGRI

On June 13, after three days of intense negotiations, the Basilicata regional government and Eni, who was the sole representative of the companies operating in that part of Basilicata, drew up a memorandum of understanding which will permit exploitation of oil reserves in the Val d'Agri (see Staffet ...


07/31/1998 | Oil Market |

IN FOUR MONTHS, REFINING GROWS (+8.6%), CRUDE PRICE FALLS (-26.5%)

During the first four months of 1998, the Cif (cost insurance freight) of crude oil imported into Italy amounted to 182,700 lira per ton, according to estimates released by the Unione Petrolifera (the Italian association of oil industries). This is a decrease of 26.5% with respect to the analogous p ...


07/31/1998 | Oil Market |

THREE IMPORTANT YEARS FOR THE USED-OIL CONSORTIUM

Interview with Getulio Curzi, outgoing president

The last three years have presented numerous difficulties for the Consorzio Obbligatorio degli Oli Usati (Obligatory Consortium for Used Oils), which has had to face controversial matters such as criticism by the Antitrust Authority, as well as an inquiry conducted by the Public Prosecutor's office ...


07/31/1998 | Oil Market |

OIL INDUSTRY FORECASTS DROP IN ITALIAN OIL CONSUMPTION

The Unione Petrolifera (Italian association of oil industries) recently held a meeting in which it gave its annual forecast for Italian energy consumption over the next decade. Yet because of uncertainties in the world's energy sector, the UP's forecast did not include specific details. All probable ...


June

06/30/1998 | Oil Market |

PRIME MINISTER ANNOUNCES A SHORT-TERM SOLUTION

Debate on future research in the Val D'Agri continues

“Realizing it is unable to continue its activities in Val D'Agri, Eni finds it cannot recoup high-risk investments made in oil operations.” Eni Managing Director, Franco Bernabè, made this statement to members of the House's commission on productive activities, during an April 30 hearing on the prob ...


06/30/1998 | Oil Market |

IN FIRST QUARTER, CRUDE PRICE FALLS (-26.8%), REFINING GROWS (+6.2%)

The Cif (cost insurance freight) of crude oil imported into Italy in the first quarter of 1998 totaled 187,700 lira per ton, according to estimates released by the Unione Petrolifera (the Italian association of oil industries). This is a decrease of 26.8% compared to the first quarter of last year. ...


06/30/1998 | Oil Market |

BUNKERS-ONLY OVERTIME CHARGES IN AUGUSTA CANCELLED

The Maritime Department of the Transportation Ministry has cancelled all overtime charges for ships making bunkers-only calls in the port of Augusta (Sicily) from June 1.
The cancellation of pilots' overtime charges is the latest in a series of changes designed to cut overall port costs and red ...



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