Paolo Scaroni News

The board of Italian oil and gas major ENI has appointed Claudio Descalzi to replace Paolo Scaroni as chief executive, the company said in a statement late on Friday. Veteran ENI executive Descalzi was proposed as CEO of the state-controlled group by the Italian government in April. For the time being Descalzi will also remain head of ENI's Exploration & Production Division, the company said. (Reporting by Valentina Za; Editing by Toby Chopra)

Gazprom has abandoned plans to build a section of its disputed South Stream gas pipeline to Italy, two sources close to the company said on Wednesday, a day after Gazprom announced a deal with OMV to build a branch to Austria. The memorandum of understanding with the Austrian oil and gas company foresees building a section of the giant pipeline from Hungary to OMV's Central European Gas Hub near Vienna. "The additional Italian spur option was effectively ditched. Gas will now be delivered to the Austrian hub, from where it could go to many destinations in Europe along the existing pipelines," one of the sources said. Gazprom is pushing ahead with South Stream…

Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement on joint participation and investments in logistic and commercial activities within the hydrocarbons sector. Rosneft will supply crude oil to PCK Schwedt refinery in Germany and Česká Rafinerska refinery in the Czech Republic which are both participated by Eni.

The President of the Federal Republic of Somalia, Sheikh Hassan Mohamud, met with Eni’s CEO, Paolo Scaroni. During the meeting, which took place in an atmosphere of cordiality, Paolo Scaroni expressed Eni’s interest in evaluating the exploration potential of hydrocarbons present in Somalia. Mr Scaroni highlighted the Company’s leadership and experience historically gained in the African continent where Eni is expanding its presence and achieving excellent exploration success.

Following on from the formal call of May 21, 2013 to the European Council, Gérard Mestrallet CEO of GDF SUEZ and Paolo Scaroni CEO of ENI appeared before a European Parliament hearing. The event was jointly organized with Amalia Sartori (Chair of the EU Parliament’s Energy Committee) and took place in the presence of the European Commissioner for Energy, Günther Oettinger. The hearing was aimed at highlighting the risks of the EU’s present energy policy. Indeed, the efforts made…

Following the reorganization of Eni’s Gas and Power activities, approved by the Company's Board of Directors, the Business Unit Optimization and Trading will be renamed Business Unit Midstream and a new Business Unit Downstream Gas and Power has been created. The Business Unit Downstream Gas and Power, of which Eni’s Chief Executive Officer, Paolo Scaroni, has been appointed interim head, will be responsible for the development in Italy and abroad of commercial retail and mid gas & power as well as the generation of electricity power. The Business Unit Midstream, headed by Marco Alverà, will oversee commodity trading activities, supply and oil & gas portfolio optimization, sales on wholesale gas and power markets, midstream LNG commercial activities and commodities transport.

Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, have signed, at the Saint Petersburg International Economic Forum, a Completion Deed relating to the agreements for the joint development by the two companies of exploration activities in the Russian Barents Sea (Fedynsky block and Central Barents block) and Black Sea (Western Chernomorsky block). The projects are part of the wider cooperation between Eni and Rosneft sanctioned under the Strategic Cooperation Agreement entered into by the parties on April 25, 2012, which provides for joint development of the Russian offshore blocks, technological and staff exchange and Rosneft’s participation in Eni’s international projects.

Eni, the international oil and gas company, released its group results for the first quarter of 2013 (unaudited). • Leverage: down to 0.24. • Versalis entered partnership agreements with Genomatica, Pirelli and Yulex targeting continuing expansion in the bio-technologies and the bio-ruber segment. Paolo Scaroni, Chief Executive Officer, commented, “We confirm our growth and profitability targets for the full year 2013, in spite of a slower first quarter. This was negatively impacted by lower oil and gas production due to contingencies as well as to the current downturn in the gas market.

The Prime Minister of the Government of the Republic of Tunisia, Ali Laareyedh, the Tunisian Minister of Industry, Mehdi Jomaa, and Eni’s CEO, Paolo Scaroni, met today in Tunis for an exchange of ideas aiming to take all necessary and appropriate measures to ensure the efficiency and safety of the Transmed gas pipeline that crosses Tunisia for 300 kilometres and reaches Mazara del Vallo in Italy. During the meeting, they analyzed the current supplies and consumptions of gas situation in Tunisia, North Africa and Italy, as well as Eni's upstream activities in the country. www.eni.com

The Indonesian Minister of Energy, Jero Wacik, and Eni’s CEO, Paolo Scaroni, met today in Jakarta to discuss Eni’s activities in the country. During the meeting, Paolo Scaroni updated the Minister of Energy on the progress of ongoing projects, which are considered strategic for both Eni and the Indonesian Republic. In particular, Paolo Scaroni has illustrated the importance of the project Jangkrik Complex, operated by Eni and located in the East Kalimantan deep waters, where production is expected to start less than seven years after the discovery.

Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33.33%, Rosneft 66.67%) for the joint development of the Fedynsky and Tsentralno-Barentsevsky exploration licenses, located offshore Russia in the Barents Sea, and Zapadno-Cernomorsky, located offshore Russia in the Black Sea, areas with great mining potential.

Kazakhstan’s President Nursultan Nazarbayev & Eni CEO Paolo Scaroni consulted in Astana during the VII Kazernergy Eurasian Forum. During the meeting, described as cordial and constructive, Eni's CEO shared the developments and results of the company's ongoing activities in the country with the President, affirming Eni's positive vision of the primary importance projects that Kazakhstan presents, such as the Kashagan and Karachaganak. The President was informed of joint projects for building a shipyard in the Caspian Sea and a gas turbine power plant in West Kazakhstan region. Eni's CEO also updated President Nazarbayev on the progress of the agreement of cooperation and mutual understanding…

Egyptian Prime Minister Hesham Qandil and Eni CEO Paolo Scaroni met today in Cairo to discuss Eni’s activities in the country. During the meeting, which was cordial and constructive, Eni's CEO shared the developments and results of the company's ongoing activities in the country with the Prime Minister, affirming Eni's positive vision of the perspectives and the exploration potential that the country presents. Eni’s CEO also met with the Egyptian Minister of Petroleum and Mineral Resources, Osama Kamal.