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Oil Market
2011
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December

12/22/2011 | Oil Market |

Eni to supply Nato personnel, replacing Esso

Beginning in January, it will be Eni that supplies Nato personnel in Italy, whose personnel are given gas coupons exempting them the excise tax on fuels. Eni reached the agreement with the Defense Logistics Agency recently, and is replacing Esso because in the areas where Nato personnel lives there ...


12/22/2011 | Oil Market |

Italy-Libya, treaty reactivated

“We have agreed to reactivate the treaty” of friendship between Italy and Libya “in the interest of the two countries”. The announcement came a week ago Thursday from the head of the national transition council (Ntc), Abdel Jalil, at the end of his talks with premier Mario Monti. The treaty was sign ...


12/22/2011 | Oil Market |

Noc, “favorite” customers named

Libya's Noc has named ten companies that will be favored in receiving Libyan crude supplies in 2012. A Noc spokesman told Reuters that the companies are Eni, Repsol, Total, Shell, OMV, ConocoPhillips, Saras, BP, Galp and ExxonMobil. “We will give priority to these firms”, he affirmed, adding that th ...


12/22/2011 | Oil Market |

Scaroni and Iran's oil minister meet in Vienna

On Tuesday, Eni Ceo Paolo Scaroni, in Vienna for the Opec meeting, met with Iranian oil minister Rostam Ghasemi, Iranian sources told Dow Jones Newswires. When the news agency asked Scaroni for confirmation, he replied “I neither confirm nor deny”. The EU is considering an embargo on Iran's oil at t ...


12/15/2011 | Oil Market | E.V.

Unione Petrolifera, “oil system in crisis”

Consumption continuing to decrease, with raw material costs increasing, plus supply uncertainty because of revolts in the Middle East and North Africa (with Iranian clouds now added). These factors together constitute a real “crisis of the oil system” (especially for the downstream and refining), An ...


12/15/2011 | Oil Market |

Refining, requested meeting with Eni on Livorno plant

A week ago Tuesday, Tuscany's productive activities council member, Gianfranco Simoncini, has requested a meeting with Eni's top management in January, including local authorities, to discuss the Stagno plant in Livorno.
Last Friday, Eni Ceo Paolo Scaroni reiterated that the Porto Marghera ref ...


12/15/2011 | Oil Market |

Eni/1, Scaroni: credit with Iran is about $2bn

Production in Libya is back up to 70%; the projects in Mozambique proceed according to plan; possible sanctions on Iranian oil are not worrisome from a supply point of view, even if there is some concern about the $2bn credit. Eni Ceo Paolo Scaroni was sketching a positive picture of his company at ...


12/15/2011 | Oil Market |

Gas Severenergia, Eni-Gazprom meeting

On Tuesday, Eni Ceo Paolo Scaroni met with Gazprom chairman Alexei Miller to discuss the sale of natural gas from the Samburgsky field, one of the blocks of Severenergia, an ex-Yukos company now controlled for 51% by Gazprom Neft and Nevatek and 49% by Eni and Enel. A Gazprom note says that the meet ...


12/09/2011 | Oil Market |

Refining, margins no longer remunerative

To end the “systemic crisis” which is hurting the refining business in Europe, EU authorities must intervene with specific protective measures for community refineries especially against the “environmental dumping” of refineries outside the EU. Last week, the productive activities commission of the ...


12/01/2011 | Oil Market |

Saction against Iran, the risk for Italian supply

As Italy gets ready for possible sanctions against Iran, efforts are being made to involve the oil companies so that they can diversify their supply sources and rely less on Tehran. After contacts last week, there was another meeting at the Foreign Affairs Ministry on Monday with Economic Developmen ...


November

11/24/2011 | Oil Market |

Refining, Italy's message to Brussels

As promised to the companies and unions in their Nov. 8 meeting, the director general for supply security at the Economic Development Ministry, Gilberto Dialuce, more rapidly than all other delegations has sent Brussels a series of proposals aimed at setting up, on the occasion of the Nov. 24 energy ...


11/10/2011 | Oil Market |

“Berlusconi effect” on oil

The report given Monday morning by Giuliano Ferrara that Berlusconi's resignation was imminent not only boosted stock markets but also the price of crude and oil products. Bloomberg saw the announcement as causing an immediate increase from $93.23 to $94.78 a barrel for crude futures, which had been ...


11/03/2011 | Oil Market |

Ies: we will continue to invest in Mantua refinery

Ies has reiterated its wish to invest in Mantua refinery through the Mol group, which was recently awarded a
HCM (Human Capital Management) Excellence Award in Budapest on Oct. 25 for its recruitment of personnel, through the originality of its way of engaging young talents through the online ...


11/03/2011 | Oil Market |

Marghera, Eni: in operation until 2014

On Tuesday 25th was a big day for the refining business, with a morning meeting at the premier's office with Gianni Letta, Eni, unions and local authorities, and then the afternoon discussion at the Economic Development Ministry on the crisis in refining with undersecretary Stefano Saglia (who was a ...


11/03/2011 | Oil Market |

Ten-year time charter for Eni

Eni has signed a ten-year time charter with the Norwegian firm Knot to lease two 123,000 tpl Suezmax under construction at the Hyundai Heavy Industries shipyards. The contract is for two shuttle tankers for a maximum 10-year period starting from summer 2013, when the ships will begin to transport No ...



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