Word: mattei
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Italians agree that Enrico Mattei is some go-getter. A policeman's son, slim, faultlessly tailored Financier Mattei in 14 years has built the state-owned ENI oil and gas monopoly from a stagnant relic of fascism into the nation's most powerful business enterprise, a sprawling empire that also makes soap and margarine and manufactures iron and steel. But Mattei has many enemies who dislike his contempt for private enterprise, resent his roughshod methods, and fear the considerable political power he wields as ENI's boss...
...senatorial look into his budget last week, Mattei was still cock of the walk, but minus a few tail feathers. Critics have often suggested a concealed ownership of the heavily subsidized Milan daily // Giorno (circ. 150,000), which has consistently backed Mattei's causes and opposed his detractors, followed a left-of-center line, and often been hostile to actions of Premier Antonio Segni's regime. The government consistently denied that taxpayers' money was backing // Giorno, Last week Mario Ferrari-Aggradi, head of the government ministry that controls state properties, stunned Senators by candidly acknowledging that...
Money & Motels. As a civil servant, Mattei was appointed head of Mussolini's nearly defunct oil exploration agency in 1945, with orders to liquidate it. Instead he poured money into research and discovered vast fields of natural gas in the Po Valley. Today ENI gas, pumped through 3,100 miles of ENI's own pipelines, supplies 2,500,000 Italian families and 2,000 factories...
...Fanfani prepared to leave for Washington to confer this week with President Eisenhower, Fanfani's ambitious friend Enrico Mattei, boss of Italy's state oil monopoly, E.N.I., gave the subject one kind of thoughtful attention. He hopped over to Morocco to sign an agreement giving him exploration and exploitation rights for the oil in an null tract in the Tarfaya province in western Sahara. The split: 75% of the profits for Morocco, 25% for Italy's E.N.I...
Coming atop deals engineered by Mattei in Iran and Egypt that upset the old pattern of fifty-fifty profit splits between private companies that took the risk and the governments that granted concessions, his latest end play won Mattei no gratitude in London or Washington...