The Audit Court said Wednesday
that State-controlled ENI oil and gas giant must decide what
subsidiaries to spin off based on a "balanced mixture of
different underlying interests".
The multinational has suffered from dropping oil prices but
positive results continue in prospecting, research and
development, and trade agreements with foreign countries, the
Court said in its report on ENI's 2014 financial year.
The Court pointed to the discovery of a gas deposit in the
waters off Egypt as a positive result.
ENI last summer announced it had discovered what it called
"a supergiant gas field" at its Zohr Prospect off Egypt.
The field measuring about 100 square kilometres could yield up
to 30 trillion cubic feet of gas, the company said.
Employees of ENI and its subsidiary, oil and gas industry
contractor Saipem, on Tuesday announced an eight-hour strike on
February 19. On that day they will demonstrate in Rome "against
the group's downsizing in Italy, in favor of an industrial
policy for the group, and in favor of relaunching Saipem on the
energy and infrastructure market," unions said.
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