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Oil Market
2001
indietro
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December

12/21/2001 | Oil Market |

EU COURT OF JUSTICE CONDEMNS ITALY FOR USED OILS

On Dec. 11, the European court of justice condemned Italy for having failed to transmit to the commission, by the Sept. 30, 1998, deadline, the information required regarding implementation of directive 75/439/EC concerning disposal of used oil for the period 1995-1997.
The sentence requires I ...


12/21/2001 | Oil Market |

OIL INDUSTRY DATA: OIL BILL DOWN 4 TRILLION LIRA

In 2001, energy consumption grew 0.7% to 184.3mn tons of oil equivalent (toe), of which 13.4mn toe of solid fuels, 57.8mn toe of natural gas, 90.5mn toe of oil, 9.8mn toe of net electricity imports, and 12.8mn toe from renewable resources. These data, found in the preliminary 2001 report of the Ita ...


12/21/2001 | Oil Market |

ENTERPRISE OIL TO INVEST EURO 1BN IN VAL D'AGRI

Enterprise Oil Italiana, which, along with Eni, is carrying out the project for the extraction and transport by pipeline of the crude oil of Val d'Agri in Basilicata (see SN n° 12, 2001), is planning on investing about E1bn by the end of 2005, of which a great part are already allocated. According to the company, which on Dec 5 celebrated, with an o ...


12/21/2001 | Oil Market |

BRIZIA ACQUIRES 46 SERVICE STATIONS FROM AGIP PETROLI

On Dec 10, the Antitrust Authority okayed the purchase by Brixia Finanziaria, a company controlled by the Zani family, of 46 service stations from Agip Petroli located in the regions of Lombardy (23), Veneto (7), Piedmont (8), Friuli Venezia Giulia (1), and Emilia Romagna (7). Brixia will set up an ...


12/04/2001 | Oil Market |

ENI: NEW OIL DISCOVERY IN OFFSHORE CONGO

Eni announced on Nov. 15 the drilling of the Awa Marine-1 field in the offshore of Congo at a water depth of more than 2,730 m. The operation was performed using Saipem's semi-submersible rig Scarabeo 3.
The well, completed in only 30 days, encountered a column entirely of oil of about 170 m. D ...


12/04/2001 | Oil Market |

USED-OIL CONSORTIUM CONTRIBUTION INCREASES

Meeting in Rome on Nov. 14, the board of directors of the Consorzio Obbligatorio degli Oli Usati decided to raise the obligatory contribution on lubricating oils sold to consumers from 94 to 104.2 lira a kg (or euro 53.81 per ton) beginning Jan. 1. ...


12/04/2001 | Oil Market |

DIFFICULT NEGOTIATIONS FOR THE DEVELOPMENT OF TEMPA ROSSA

Development of production in Val d'Agri has just obtained an important success with the beginning of operation of the pipeline from the oil center of Viggiano to the Agip Petroli refinery in Taranto (see SN n° 11, 2001, p 6), but there are still obstacles in the way of development of the Tempa Rossa ...


November

11/30/2001 | Oil Market |

IN CASE OF EMERGENCIES, ITALY TO PROVIDE 85,700 B/D OF CRUDE

The Italian government adopted, in mid-October, the emergency plan established by the International Energy Agency (Iea), on the basis of which countries belonging to the agency should be able to supply the market, for a period of at least 14 days, 2mn barrels a day of crude so as to compensate for a ...


11/30/2001 | Oil Market |

ESSO WITHDRAWS FROM SICILIAN PROJECT, AGIP-ERG MAKE NEW PLAN

Esso has withdrawn from the project which was to integrate its refining facilities in Augusta with those of Agip Petroli and of Erg in Priolo/Melilli (see SN n° 11, 1999, p. 4). Esso made no comments on the decision, but “Staffetta” has learned that after the Antitrust Authority asked that the proje ...


October

10/31/2001 | Oil Market |

ENI SERVICE STATIONS SOLD TO TAMOIL NOW NUMBER 478


Eni, in a surprise announcement during presentation of the last six-month report (see SN n° 8-9, 2001, p. 16), said that it had signed a letter of intent last July to sell Tamoil a second group of 261 Agip and IP service stations with total sales of 370mn liters a year, about a l.1% share of t ...


August

08/31/2001 | Oil Market |

ENI SELLS 40 SERVICE STATIONS IN ITALY, BUYS 74 IN FRANCE

Eni has finalized an agreement with TotalFinaElf for the sale of 40 Agip and IP highway service stations in Italy, a company press release announced on July 13. Eni has also agreed to buy 74 service stations in southeastern France from TotalFinaElf. This consolidates AgipPetroli's activities in the ...


08/31/2001 | Oil Market |

THE FUEL DISTRIBUTION NETWORK REORGANIZATION PROCEEDS ON TWO TRACKS

Industry minister Antonio Marzano has okayed the national plan for the modernization of the fuel distribution network (see SN n° 6, 2001, p. 4). This comes on top of the Antitrust Authority's approval of the plan for the voluntary closure of about 3,000 service stations elaborated by the Italian oil ...


July

07/31/2001 | Oil Market |

CARREFOUR OPENS ITS FIRST ITALIAN SERVICE STATION

Gasoline and gasoil costs from 100 to 120 lira a liter less than average area prices at the new service station inaugurated on June 3 by Carrefour in the megamarket of Nichelino (Turin), the first station bearing the trademark of the French company, Europe's biggest megamarketer.
The station, f ...


June

06/30/2001 | Oil Market |

ENI: SECOND WELL CONFIRMS KASHAGAN STRUCTURE IMPORTANCE

The production tests carried out in the Kashagan West 1 well, drilled in the Kashagan structure in the Kazakh offshore of the North Caspian Sea (see SN n° 4, 2001, p. 6), have been completed. The tests have confirmed that the field is among the world's largest.
Eni, which through its affiliate ...


06/30/2001 | Oil Market |

CIVITAVECCHIA PORT OIL TOWER INAUGURATED

On May 29, a new oil tower in the Civitavecchia (Rome) port became operative. The tower, whose purpose is to divide clearly industrial and touristic activities in the port, was built by Petroli Investimenti, a Sensi affiliate company, with an investment of about 100bn lira.
Petroli Investimenti ...



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