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Claudio Descalzi, CEO of Eni Group, Italy's largest oil group, said it would invest 7 billion euros in domestic business activities
over the next four years.
Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four years
Descalzi told investors that €1 billion of the investment will be used to reduce its carbon footprint, including the conversion of a total of about 3 million hectares of decommissioned areas belonging to Eni (mainly in southern Italy) into solar energy
.
Descalzi also stressed that it will convert refineries in Venice and Gragha into "green refineries" to convert waste into biodiesel, which will reach 1 million tons
per year by 2021.
Eni said its oil and gas production rose 4 percent year-on-year in the first quarter of 2018, compared with 1.
795 billion barrels
of natural gas and oil equivalent in the same period last year.
，
Claudio Descalzi, CEO of Eni Group, Italy's largest oil group, said it would invest 7 billion euros in domestic business activities
over the next four years.
Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four years
Italy's largest oil group Eni plans to invest 7 billion euros in local operations over four yearsDescalzi told investors that €1 billion of the investment will be used to reduce its carbon footprint, including the conversion of a total of about 3 million hectares of decommissioned areas belonging to Eni (mainly in southern Italy) into solar energy
.
Descalzi also stressed that it will convert refineries in Venice and Gragha into "green refineries" to convert waste into biodiesel, which will reach 1 million tons
per year by 2021.
Eni said its oil and gas production rose 4 percent year-on-year in the first quarter of 2018, compared with 1.
795 billion barrels
of natural gas and oil equivalent in the same period last year.
，
