Eni is an Italian listed company active in the energy source industry, whose original aim was to supply energy to Italy and consequently contribute to the country's industrial expansion after the 2 World Conflict. Key beliefs are sustainability, culture, alliance, innovation and efficiency.
On Feb the 10th 1953 Eni, Ente Nazionale Idrocarburi, began with Enrico Mattei since the initially Chairman. Through the law of 1953 Eni, that was a public business held by the Italian government, became the monopolist in research and production of hydrocarbons in Italy. Completely the charge of Agip, Anic and Snam and then it acquired as well Lanerossi, a textile sector, and some chemical substance and executive industries like SIR, Liquichimica, Nuovo Pignone, that would have been completely fundamental at a later date non-oil activities. During the late 50's as well as the 60's Eni signed contracts and joint ventures with many European and extra-European government authorities for placing facilities and importing gas. Among them there were Iran, Libya, Ethiopia, Somalia and URSS. In 1971 Eni together with URSS and Netherlands decided to construct a gas pipeline to transport natural gas in Italy from the two claims. Agip produced a new technology: floating systems offshore Congo. During the 1973-74 oil catastrophe, Eni got the opportunity to encounter the essential oil embargo effectively identifying gas as an alternative power source. In the same years, Agip acquired Shell's network of distributors in Italy. Through the 80's Eni's aim to make a unique chemical company was achieved by the building blocks of Enimont (1989). On July the 11th 1992 Eni, having to a privatization process, became a stock business; but the Italian language government continue to maintained their power based on the principle from the yellow metal share. In the 90's the corporation signed deals for essential oil exploration in Algeria, Kazakhstan, China, Angola, Russia, Azerbaijan (Caspian sea), Nigeria, Egypt. In 1998 Eni incorporated Agip thus straining its core business; because of this, the company started to be the fourth issue on the planet's leading share markets. In 1999 it authorized an agreement pertaining to the Blue Stream Project, a gas pipeline whose purpose was going to connect the Russian coast on the Black Sea to Turkey. While using beginning of the fresh millennium, Eni merged with SNAM: The brand new Gas & Power section started to control gas and power activities in Italia and in another country. In 2003 it merged with Agip Petroli in addition to the following years started once again upstream and exploration activities in Saudi Arabia, Northern Alaska and India. Vision Eni's purposes for future years years concentrate on growth in core business as well as on the mixing of primary activities, on the pursue of greater functioning efficiency and on the development of proprietary technologies, in order to maximize the return due to the shareholders.
Given the complexity in the situations by which ENI works, the challenges of eco friendly development plus the need to take into mind the interests of all stakeholders, the new " Eni's Code of EthicsвЂќ has been instituted. The Code coordinates most relationships taking place between the company and its stakeholders, in order to accomplish efficiency, dependability and good reputation. A great expectation popular among all stakeholders is that of increasing their welfare and this, together with the creation valuable for them, is precisely one of the essential Corporate aims. Eni's primary stakeholders happen to be: equity slots, local residential areas, customers, suppliers, employees, institutional partners, competitors, insurance companies plus the Italian government.
CORE STAKEHOLDERSCONTRIBUTIONSREWARDS EXPECTED
VALUE HOLDERS (*)Risk capital and competenceDividends and capital benefits (or losses). Participation in...
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