Word: mattei
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Dates: during 1950-1959
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...congress broke up, there was some solid evidence that Economist Levy and other delegates had gotten their point across. In Italy's Senate, Don Luigi Sturzo, 83-year-old founder of the Demo-Christian Party, an implacable foe of statism and an old enemy of E.N.I.'s Mattei, rose to demand quick passage of the new mining act. Said he: "There is no good reason why private firms, either Italian or foreign, should not carry out research with their own capital and at their own risk." As for E.N.I, itself, even the state authority seemed to be weakening...
...Enrico Mattei, handsome boss of Italy's big Ente Nazionale Idrocarburi state oil and gas monopoly (TIME, Nov. 29), flew across the Atlantic last week to make a deal that will give his country its first doorway into the synthetic-rubber industry. In Manhattan, Mattei signed contracts with Phillips Petroleum Co. and Union Carbide & Carbon Corp. for their processes and help in building a $75 million synthetic-rubber plant at Ravenna, in the Po Valley. It will turn out 35,000 tons of GR-S rubber and 350,000 tons of nitrogen fertilizer annually from nearby methane deposits...
...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.'s Mattei hopes to soften charges that his state company is throttling private investment; its subsidiary, A.N.I.C., which has 25,000 stockholders (but is 51% owned by E.N.I.), will finance the $75 million project from private sources, use no state funds...
...wells with an average production of 350 tons daily in the Ragusa area (TIME, Jan. 25). The Anglo-Iranian Oil Co. has reported that it, too, has found oil. But when Gulf asked for permission to exploit its find last month, E.N.I, did everything possible to thwart the deal. Mattei started a campaign in Rome and Sicily, got the support of Communists who want no developments that would make Italy prosperous, thus cut their power...
...Socialists and Communists win the regional election this May, private oil companies may well be kicked out of Sicily altogether. However, an increasing number of thoughtful Italians are beginning to wonder if Mattel's state socialism will bring Italy its promised treasures. No one thinks that Enrico Mattei, who stands in well with Italy's political powers, is about to topple from his perch atop the Italian oil industry. But in Italy's Chamber of Deputies there is increasing talk of reviving a buried draft of a proposed law that would authorize E.N.I, to farm out part...