Word: azienda
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Back in Europe, a handful of winemakers have taken the Roman revival to the next level. In the southern Rhône, Philippe Viret had an epiphanic moment several years ago when tasting the cuvée Pithos by Azienda Agricola Cos - a star vineyard in the current Sicilian wine renaissance that ferments Frappato in simple terra-cotta amphorae. Joining with an artisan potter in 2007, Viret now creates an amphora-fermented Mourvèdre assemblage, with Muscat Petit Grain and Clairette Rose cuvées to come. He vaunts the gentle, low temperatures of fermentation in clay...
...plant, to be built and run by E.N.I.'s subsidiary, A.N.I.C. (Azienda Nazionale Idrogenazione Combustibili), will enable Italy to make better use of its methane, now used as fuel for northern Italian industries. As fuel, the gas would save Italy some $7,000,000 annually in imports. By using the same amount of gas to produce fertilizer and rubber, Italy can make enough money to balance out $40 million worth of imports. Eventually, as rubber production climbs, Italy even hopes to sell enough to supply a large portion of Europe's synthetic-rubber needs. Furthermore, E.N.I...
Mattei, a carabiniere's son and a wartime partisan, got into the oil business in 1945 when he was made Northern Commissioner of E.N.I.'s predecessor, the state-owned A.G.I.P. (Azienda Generale Italiana Petroli), with the job of selling off its assets. Mattei defied the orders, kept his equipment and put prospectors to work in Italy's big Po Valley. Soon, Mattei was boss of all A.G.I.P. His geologists found a big methane gas deposit with an initial production (1.5 billion cu. ft.) greater than all the rest of Italy's fields. By 1953, Mattei...
...guarantee that it can convert at least $14,487,500 of its Italian dividends into dollars over the next twelve years. It is the largest EGA guarantee yet, the first to an oil company. By the deal, Standard got 50% of the capital stock of Italy's ANIC (Azienda Nazaionale Idrogenazione Combustibili), 40% controlled by the Italian government...
Foreign Investment. Two oil companies made the first big postwar investments of U.S. private capital in Italy. Standard Oil Co. (N.J.)* became a partner in Italy's rig ANIC (Azienda Nazalonale Idrogena-zione Combustibili), by putting up $6,000,000. It will get a 50% interest in a new company which will modernize and operate two ANIC refineries, with a combined daily capacity of 16,000 barrels, at Leghorn and Bari. Caltex Oil Products Ho., joint subsidiary of the Texas Co. and Standard Oil Co. of California, bought an interest in Italy's Petrolea S.A., subsidiary of FIAT...
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