ITALY’S ENI EYES BIOFUEL RESTRUCTURING AS IT PONDERS OVERCAPACITY
October 1st, 2014
Italy’s refiners are suffering from an approximate 30% decrease in national demand for refined petroleum products since 2000, according to data from oil refiners association Unione Petrolifera. They are also struggling with refinery overcapacity for refined crude oil and byproducts in both Europe and Italy; and increasing competition from newer, high-output refineries in emerging economies, including in China, India and the Middle East.Italy’s leading domestic refiner Eni reduced the capacity utilisation rate of its five wholly-owned Italy-based refineries to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.