Word: combustibili
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...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...
...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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