Word: rocarburi
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Dates: during 1965-1965
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Both the Trans-Alpine and the Central Europe pipelines-Western Europe's largest current pipeline projects -were initiated by Ente Nazionale Id-rocarburi, the government-controlled Italian oil combine that owns refineries and distribution systems worth $1.85 billion on four continents. Despite its aggressive line drives, ENI has been plagued by problems that have delayed completion of many of its projects and dropped its annual earnings from $10 million to $400,000. Financially pressed, ENI last year was forced to accept ten oil companies as partners in the Trans-Alpine Line-ending forever its dream of monopolizing the Alpine...
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