ENI - strategic plan 2021-2024

Marseille: Italy with ENI has the first Oil Company in the world, godmother of sustainability

"Of course I have no words and in addition to personal happiness for the results achieved, I am happy for all those companies that in FederPetroli Italia in recent years have believed with me in ENI, investing in tenders, supplier qualifications, relationships and mainly in having given trust in this company. Italy now with ENI has the first Oil Company in the world, godmother of sustainability. We are proud of all of this"The words of the President of FederPetroli Italia - Michele Marsiglia at the end of the official presentation of the 2021-2024 Strategy and the 2020 Results of the Six-legged Dog Group.

Continue Marseille "Let it be known that for now the Core-Business is the Exploration Activity (E&P) with a Target of 2 billion barrels of resources. The company with a reduction of environmental impact, has become a worldwide investment case. The scenario analyzed by the management on a price of crude oil at 50 dollars a barrel is positive, this means that in a lower or higher range, the international oil economy will remain in equilibrium. The request in FederPetroli Italia in this end of 2020 and beginning of 2021 was also to intervene as suppliers in Renewable Energy Projects where ENI has been anticipating for some time. The Group's strategic decision to invest in Libya with projects on new applications brings added value to contractors and companies in the business. Refining remains at the top, a sector for the general Oil & Gas of primary importance, also in terms of Bio-Refineries. Also from an equity point of view, ENI gives us satisfaction with a high corporate value and return despite the sharp swing in oil prices".

The President of FederPetroli Italia addresses a few words towards the Oil Company and the people “By now it is well known that for me the helm Claudio Descalzi has no comparison. On behalf of FederPetroli Italia and staff, I thank everyone but especially the gratitude for the people of ENI, the management, the top management and the many who in the company give us the possibility of continuous comparison and growth. For our Sector, a particular 2020 ends but we start with a 2021 where the objective will be increasingly focused on the Energy Market in Italy and on the qualification of companies for projects in the Middle East, Africa and locations of strategic interest".

ENI - strategic plan 2021-2024