Word: enis
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...deposits that local firms had neither the technology nor the money to develop. Kazakhstan turned to Western companies for help, and firms like Chevron and Mobil moved in. When the Kashagan field was discovered in 2000, the government invited BG to form a consortium with Eni, Royal Dutch/ Shell, ExxonMobil, Total, Conoco-Phillips and Inpex of Japan to exploit it. That was no easy task. In winter, the shallow waters of this part of the Caspian turn into ice floes that - carried by high winds - can crush conventional offshore rigs. So Agip, the operating arm of Italy's ENI charged...
...money to be made, right? Would Muammar Gaddafi have spent billions to pay off terror victims if he didn't expect a return? But most of the interested players are already there. European oil companies - including France's Total, Spain's Repsol, Germany's Wintershall and Italy's Eni - maintained a dormant presence in Libya after U.N. sanctions were imposed in 1992 for Tripoli's suspected role in the 1988 Lockerbie bombing. They quickly revved up after sanctions were suspended in 1999, when Libya surrendered two suspects. That allowed Libya to export around 1.2 million barrels...
...Larry Summers’ size whenever those names are mentioned, maybe we can all agree joking about the Samoans is hurtful. But a so-called patriotic organization’s retreat in the face of the Samoan lobby is farcical. (Oh, it exists: just ask the portly pork-barreler Eni Faleomavaega, American Samoa’s non-voting delegate in Congress...
...recent years, the winners in Iraq have been foreign companies that don't abide by U.S. sanctions. Saddam has provided contracts worth $38 billion to firms such as Royal Dutch/Shell, Italy's Eni, Russia's Lukoil and France's TotalFinaElf. But those contracts could be worthless once Saddam is gone...
...Iraq's 112 billion barrels of known oil - worth at least $3 trillion at today's prices - as well as unexplored fields. Non-U.S. firms have over 30 deals with Iraq waiting to take effect when sanctions are lifted; France's TotalFinaElf, Spain's Repsol, and Italy's Eni all have Iraqi interests worth millions of dollars. But Russia is king: in the Qurna oil field alone, Russia's Lukoil holds a majority stake in at least 11 billion barrels. When President Vladimir Putin hardened his antiwar stance last week during British Prime Minister Tony Blair's visit, some...