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Ente Nazionale Idrocarburi Piazzale E. Mattei, 1 00144 (06) 59001 Fax: (06) 5900-2141 State-Owned Company Incorporated: 1953 Employees: 135,000 Sales: L48.00 trillion (US$42.59 billion) Ente Nazionale Idrocarburi (ENI) is Italy ’s state energy holding corporation. It controls 300 companies active in seven main sectors: exploration, production, and distribution of hydrocarbons and other fuels; chemicals; machinery manufacturing; engineering and services; metallurgy; finance; and miscellaneous activities that include travel services, publishing, industrial reconversion —the conversion of an existing plant to produce a different product, or to produce the same product using different technology —and software production. ENI has its origins in the 1920s when the Italian government formed Azienda Generale Italiana Petroli (Agip) to pursue exploration for petroleum and natural gas in Italy. In the restructuring of Italian industry that followed, Agip and related state-owned energy companies were grouped together to form ENI. Today Agip remains the principal oil company in the ENI group.