AFRICA’S OIL AND GAS: Eni S.p.A TO INVEST 20 BILLION EUROS IN 4 YEARS

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The Italian multinational oil and gas company, Eni, has planned to invest about 20 billion Euros (($22.52 billion) in Africa over the next four years.

The Chief Executive Officer of the company, Claudio Descalzi who made this disclosure over the weekend at the International Energy Agency in Paris, said the money would be invested mostly in oil and gas.

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It has operations in 79 countries, and is currently world’s 11th largest industrial company with a market capitalization of 68 billion euros, as of August 14, 2013.

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