Word: matteis
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...streamline E.N.I.'s petroleum distribution system, Mattei is building a pipeline from Genoa to Switzerland and on beyond into West Germany. He also plans a line from Venice to Wiener Neustadt in Austria, only 40 miles from the terminus of a projected Soviet line. Rumors-which Mattei neither confirms nor denies -have it that he plans to link his system directly to the Soviets...
...supporter of Italy's governing Christian Democrats, Mattei might be expected to be leery of a Moscow partnership, but he justifies it on simple economic grounds. "In the past eleven months," says he, "we have spent $100 million for Soviet petroleum. If we had bought the same quantity of oil from Western companies, it would have cost $140 million...
...Mattei's growing political influence has even his own Christian Democrats worried. Though they criticize his iron rule of E.N.I., they dare not curb it since the government depends heavily on E.N.I. profits, which amounted to $7.4 million on sales of $577 million for its past fiscal year. Furthermore, Mattei ranks as a national hero for his much-headlined battles against the oil Goliaths, and for reducing Italian gasoline prices by 22% in the past two years. He has built E.N.I., once a discredited Fascist enterprise, into one of Europe's biggest industrial complexes-one which turns...
Last week Enrico Mattei proudly listed his accomplishments: "We're building seven refineries in Morocco, Tunisia, Ghana, Poland, Sicily, the Po Valley and Switzerland. We're building our own offshore drilling rigs. One is already in the Red Sea, two in the Persian Gulf, one will start soon in a gas field in the Adriatic. Just yesterday I returned from Rumania, where I sold $5,000,000 worth of equipment...
...Iraq, Mattei is more than ready to take on the Western oil majors there, or anywhere else. "Now we have experience," says he. "Now we have our staff of thousands of engineers, geologists, chemists and other specialists. Now I'm in the same situation as the big oil companies." And he adds: "I'm not afraid...