Eni

About the Company

The National Hydrocarbon Agency (Italian: ENI – Ente Nazionale Idrocarburi), is an Italian giant oil exploration and extraction company with a presence in more than 85 countries. Founded after World War II to meet Italy’s oil needs, it has now become one of the largest European oil groups, including a number of small and medium companies. The reason for the company’s growth so fast may have been its investment in the Soviet Union, communist Europe, Libya and Iran during the Cold War. The company also manufactures and constructs platforms for extracting oil and gas from the high seas. The company made several gas discoveries in the eastern Mediterranean region in Egypt and Cyprus.