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Focus: Eni keeps foot on the gas in high-speed Gulf drive

Reuters  |  MILAN 

By Stephen JewkesMILAN (Reuters) - In less than 12 months Eni CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.Since last March the 63-year-old has clinched nine deals in the United Arab Emirates, gained a toehold in Bahrain and expanded in Oman to reshape the group's future.In the latest deal on Sunday, Eni pledged $3.3 billion to buy part of the world's fourth-biggest refinery in the UAE, increasing its own refining capacity overnight by more than a third.But the buying spree is not over and the ...

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First Published: Fri, February 01 2019. 12:50 IST
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